To those who fear market have already priced in a lot of good news, especially on the « Trump » effect on the macro backdrop, and that maybe the « Value » trade is now overcrowded and associated sector rotation (from defensive names to more cyclical ones) is overdone, Morgan Stanley’s equity strategy team, lead by Graham Secker, has some good news. Actually 6… Lire la suite
Some valuable piece of information and insight on global financial markets, with a somewhat alarming message: « Don’t let the unthinkable become the new normal« .
« The global expansion remains unbalanced, debt levels and financial risks are still too high, productivity growth is too low, and the room for manoeuvre in macroeconomic policy has continued to narrow », warns the BIS, with a global message: current governance and ruling of financial markets around the world is a big mess and there is little progress in aknowledging and fixing that…
It’s sad/funny that this kind of analysis comes at a time when the IMF is sending ultimatums to Greece which replies with democratic call to its people, something IMF’s leaders are probably not accustomed to.