Starting the year full of vim and vigor – Interview with QCAM CEO Thomas Suter: A review of the past year and an outlook to the new year, with a link to some of QCAM’s activities.
This the season to be jolly over the global economy – Leading and real economic indicators are improving, and not only in the industrialized countries. We are seeing marked stabilization in the emerging economies, too. Looking ahead, however, we must sound a note of caution. The current upswing is longer than average in duration.
Revisiting the valuation gap – JPG, GBP, NOK, SEK and several emerging market currencies are currently cheap against the CHF. In an efficient market, valuation gaps must have a rational basis or they will eventually be arbitraged away. Our thoughts on this.