Europe economy lagging and lagging badly. #TRPoutlook
Fairly optimistic view of US economy but not blockbuster. #TRPoutlook
#TRPoutlook EM stocks relatively cheap but opportunities country and company specific. EM market and econ cycles more divergent than ever.
#TRPoutlook conditions ripe for more US stock gains. Upside likely limited due to moderately high valuations, already high profit margins
NEW YORK, Nov 18 (Reuters) – Emerging market credit default
swaps trading volume rose 27 percent in the third quarter versus
the same period a year ago, according to a survey released on
EMTA, the emerging markets debt trading and investment
industry trade association, said volumes for CDS totaled $377
billion in the three months ending Sept. 30. The trading volume
represented a decline of 3 percent from the second quarter of
this year, the group said in a statement.
Steve Klinsky #newmountaincapital says US recovery feels fragile but US is best house in a bad neighborhood #m&a advisor conference
NEW YORK (Reuters) – Enhancing ethnic diversity on the world’s financial trading floors is a recipe for deflating devastating bubbles and increasing profits, data from a new study showed on Monday.
“Ethnic diversity is a value in itself. What we show is that it can economically also be valuable in market efficiency terms,” said David Stark, professor of sociology and international affairs at Columbia University.