Six Months of Nothing
The Absolute Return Letter is back – regrettably to a more unsettled world than we experienced in March when we last wrote. So far Europe has been slow to react to policy initiatives, and it is no longer unthinkable than the Eurozone will experience a re-run of the Japanese nightmare – deflation. Deflation is particularly problematic when combined with high debts. In that regard Italy stands out with particularly high national (but not private) debt. Political problems have also escalated over the past seven months. Russia has been aggressive and so have extremists in certain Muslim countries. We examine the implications for financial markets in this letter.
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Investment Megatrends
Our investment philosophy, and everything we do at ARP, is driven by the long-term Investment Megatrends which are identified and routinely debated by our investment team.
Related Investment Megatrends
Our investment philosophy, and everything we do at ARP, is driven by the long-term Investment Megatrends which are identified and routinely debated by our investment team. Read more about related Megatrend/s for this article: