Asset Allocation
No «Divergence» in the West and Japan
The much-feared start of the normalization of US monetary policy (“taper”) has thus far proven…
Tactical Asset Allocation Q4/2013
The economies in the US and Japan have picked up, the Eurozone is finally escaping…
Reflections Update: September 2013
Asset allocationLargely positive quarterly figures and surprisingly dynamic and robust economic data from the US…
Currency depreciation in emerging markets: A case against…
Since the US Fed announced last May to cut back its exceptionally expansive monetary policy,…
September 2013: SC – Approaching September with less…
The euro zone delivered better-than-expected growth data, finally indicating an end to the recession after…
Hard-won Progress in the Eurozone
The euro area’s forward-looking economic indicators continued to brighten up in August. While Germany and…