Regardless of the well- publicised challenges facing the Eurozone and the negative impact on perceived risk assets, the MSCI EM Emerging Europe 10/40 Net (TR) index has increased in value by 11.4 per cent per annum over the last three years.
With policy makers and central banks striving to ease the pain for troubled eurozone economies, European fund investors may be shrugging off the risk of Euro implosion, according to Morningstar’s latest European fund flows data.
“The 99% blame the 1%, the 1% blame the 47%, the private sector blames the public sector, the public sector returns the sentiment.. the young blame the old, everyone blames the rich.. yet few question the ideas behind government or central banks.&rd
With our debt soaring, our population aging and our infrastructure crumbling, we stand at a troubling crossroads. And yet politicians sell us low-tax, no-pain fantasies.
So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.
Hedge fund maestro Greg Coffey is retiring at 41 after a glittering career. And, after a distinctly lacklustre performance recently, many of his contemporaries are following suit
Following HMRC’s surprising consultation on reforming the current regime for withholding tax on interest payments earlier in the year, it appears they may now be considering going to the other extreme.