herosrest
08-22-2009, 09:42 AM
Managers of global equity funds are waiting for fundamentals to catch up the recent market rises before making any substantial policy changes, according Standard & Poor's Fund Services.
(Code for huge investment in shovels. Picks are out.)
A move to developed markets has been a consequence of the market upheaval, said S&P in annual review of global equity funds. Many managers have fled to quality, including developed countries, defensive sectors and larger companies in order to protect themselves. When risk appetite returns to the market, this may change S&P Fund Services lead analyst Lesley-Ann Hodges said.
Fintag says -That big gap of hope just seems to get bigger by the day.
THE disastrous state of Britain's public finances was laid bare yesterday, as new figures showed that July's deficit hit a record £8bn following a slump in tax receipts.
Figures from the Office for National Statistics (ONS) showed that government net borrowing widened to £8bn in July, far worse than the £0.5bn that the City had expected and the first deficit recorded in July since 1996.
(When September )....
Fintag says -The upshot? More taxes. If I wanted to work for the government I would be a civil servant.
We have argued that the massive financial instability of 2007-8 was primarily the result of lax monetary policy, mainly in the US. The regulatory system compounded this error by tolerating excessive leverage and maturity transformation by banks in the US and Europe. Innovation did contribute to credit expansion and instability, but in all likelihood, without lax money and excessive leverage, reckless bets on asset price increases would have been much reduced.
The logical conclusion is that a repeat of this instability could be avoided in the future by correcting those two policy faults. By and large, there is no need for intrusive regulatory measures constraining non-bank intermediaries and innovative financial instruments. Our main message in designing the new rules for the global financial system is “keep it simple”. (And lock up the crooks - for a very long time)
Fintag says - We like simple too.
MCKINSEY SURVEY FINDS 28% OF ASSET MANAGERS ARE “DEPRESSED AND IN DENIAL”
Fintag says -I better go to the Doctor then as I feel fine.
What happens when you 'cross' a fighter pilot and high finance - " BBC plans drama inspired by Lehman collapse "
(Code for huge investment in shovels. Picks are out.)
A move to developed markets has been a consequence of the market upheaval, said S&P in annual review of global equity funds. Many managers have fled to quality, including developed countries, defensive sectors and larger companies in order to protect themselves. When risk appetite returns to the market, this may change S&P Fund Services lead analyst Lesley-Ann Hodges said.
Fintag says -That big gap of hope just seems to get bigger by the day.
THE disastrous state of Britain's public finances was laid bare yesterday, as new figures showed that July's deficit hit a record £8bn following a slump in tax receipts.
Figures from the Office for National Statistics (ONS) showed that government net borrowing widened to £8bn in July, far worse than the £0.5bn that the City had expected and the first deficit recorded in July since 1996.
(When September )....
Fintag says -The upshot? More taxes. If I wanted to work for the government I would be a civil servant.
We have argued that the massive financial instability of 2007-8 was primarily the result of lax monetary policy, mainly in the US. The regulatory system compounded this error by tolerating excessive leverage and maturity transformation by banks in the US and Europe. Innovation did contribute to credit expansion and instability, but in all likelihood, without lax money and excessive leverage, reckless bets on asset price increases would have been much reduced.
The logical conclusion is that a repeat of this instability could be avoided in the future by correcting those two policy faults. By and large, there is no need for intrusive regulatory measures constraining non-bank intermediaries and innovative financial instruments. Our main message in designing the new rules for the global financial system is “keep it simple”. (And lock up the crooks - for a very long time)
Fintag says - We like simple too.
MCKINSEY SURVEY FINDS 28% OF ASSET MANAGERS ARE “DEPRESSED AND IN DENIAL”
Fintag says -I better go to the Doctor then as I feel fine.
What happens when you 'cross' a fighter pilot and high finance - " BBC plans drama inspired by Lehman collapse "