Occupation: Economic Consultant Birth: August 19, 1958
Investors should invest on what they know. The biggest mistake is to invest on what they don't know..
We normally think if you're going to lend someone money, you should get some reward for doing this. In Europe, it's a tax!.
How long can interest rates stay negative? Think about this. Not only are you lending your money to governments, but you're paying them interest for ….
The world is on a bumpy journey to a new destination and the New Normal..
The theory is that if you take interest rates negative, people are going to say, "That's a silly game! I'm not going to lend my money to governments ….
America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength ….
The once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence..
Once you start moving [market] lower, then you trigger of all sorts of things. You trigger people who have to sell because they're over-levered. So t….
Today's reports confirm that, unfortunately, post-crisis America is still not back to its good economic self..
The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an intere….
As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets..
Most people are under exposed to global assets, including foreign stocks, bonds and currencies..
I remember when I was growing up, you would go to a bank to open a deposit, and they'd give you a toaster. A free toaster. These days, if you're a co….
It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovere….
[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market….
Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to gro….
The world changes! So we're in a situation today where the only policymakers that have flexibility are central banks. But they don't have the instrum….
If you happen to be the only one with negative interest rates, you also weaken your currency, which means you make your exports more competitive..
Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?.
As we spend more, and as companies are pushed to invest, they say, "Hey wait a minute! There's more demand in the system. Let's invest more.".