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Global Slowdown

The Free Market Doesn't Have to Be Short Term

Ben Goldsmith | Posted 09.01.2015 | World
Ben Goldsmith

LONDON -- It is often said that we live in a culture of instant gratification -- and this is especially true of financial markets. The debt crisis was a spectacular example. Upfront profits blinded over-confident investors to long-term risk -- with disastrous consequences. Since the crash, lack of confidence has given rise to a different type of short-termism.

There's A Crisis And For Once, It's Not America's Fault

The Huffington Post | Mark Gongloff | Posted 10.24.2012 | Business

Thing One: Rest Of World Gets Even With America For Financial Crisis: The global economy is a mess, and for once it's not America's fault. But Amer...

Investors Brace for Global Slowdown

Mohamed A. El-Erian | Posted 06.02.2012 | Business
Mohamed A. El-Erian

The U.S. has lost an important part of its global leadership role. The G7 and IMF lack legitimacy and credibility. And the G20 is still working on its operational effectiveness. All this speaks to continued uncertainty and volatility -- economic, financial, political and social. Since the world starts naturally long risk assets, we could well see more investors seeking less risky asset allocations, including cash in what they deem as "safe jurisdictions." In the process, valuations -- for bonds, commodities, currencies, and equities -- could well diverge for a while from what many deem to be historically fair valuations. As Will Rogers is said to have observed decades ago, investors should be concerned with the return of their money and not just the return on their money.