> Europe Archives - Per Stirling

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31

August

30

June

Per Stirling Capital Outlook – June 2017

01 Per Stirling Capital Outlook June 2017

Imagine a family relaxing in a swimming pool, with every family member using a flotation device to remain on the surface of the water. It doesn’t matter who is stronger or who is a better swimmer because everyone is being kept afloat by an external force. If the amount of water in the pool is […]

28

April

28

September

Per Stirling Capital Outlook – September 2016

01 September 2016 Per Stirling Capital Outlook

As David Rosenberg, Chief Economist for Gluskin Sheff, recently observed, “summer vacation is over.” Summer is known for being a quiescent period in the markets, when trading volumes are very low and Wall Street’s primary decision-makers are off vacationing in the Hamptons. This summer was even calmer than usual. As evidence, the Standard & Poor’s […]

27

November

Per Stirling Capital Outlook – November 2015

01 Per Stirling Capital Outlook - November 2015

  In December, we are likely to witness an extraordinarily unusual scenario of a major economic power (the United States) not only raising rates for the first time in over nine years, but also tightening monetary policy at a time when virtually all of the remaining industrialized world is moving their monetary policy in the […]

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July

Per Stirling Capital Outlook – July 2015

1 - Per Stirling Capital Outlook July 2015

It has been said that, while you cannot predict what the markets are going to do, you oftentimes can predict what investors are going to do and, from our perspective, that is just the other side of the same coin.  Indeed, this premise of investor predictability has developed into alternative investment approaches that can provide […]

06

July

Special Report: Greece

Greece Special Report - 1

Back in the 1980s, there was a famous credit market analyst named Ed Hart who used to speak of times and circumstances when “the demand for certainty far exceeded the available supply”.  That description applies perfectly to the current crisis in Greece due to its many moving parts, its potential for catalyzing unforeseen consequences, and […]

26

June

Per Stirling Capital Outlook – June 2015

1 - Per Stirling Capital Outlook June 2015

In 1841, Scottish journalist Charles Mackay first published his so-called “history of popular folly” titled Extraordinary Popular Delusions and the Madness of Crowds.  Among other things, it examined many of history’s most speculative asset bubbles, including the South Sea Company bubble of 1711–1720, the Mississippi Company bubble of 1719–1720, and the Dutch “tulip mania” of […]

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May

Per Stirling Capital Outlook – May 2015

Per Stirling Capital Outlook - May 2015 #55 - 1

  When the Federal Reserve first launched its quantitative easing program back in November of 2008, they clearly understood the limitations of such programs.  Chairman Bernanke himself publicly acknowledged that they probably would not have a direct impact on the real economy, and that the Fed would need to instead rely upon the secondary and […]


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