8 jun. 2012

Weekend Reading : The Purveyors of Notgeld

From PIMCO :  Global Central Bank Focus

  • It is through this emergency money and repressively low interest rates that the world’s central banks create conditions that compel investors to seek out value in real assets and move outward along the risk spectrum.
  • Investors should focus on assets that are likely to benefit from central bank policies designed to reflate deflated economies: commodities, land, equipment and software, for example.
  • In equities, this means favoring entities in the developing world over those of the developed world – in particular those reliably expected to pay a dividend.
Full article here  : https://dl.dropbox.com/u/18683523/Global%20Central%20Bank%20Focus.pdf