Arnott on All Asset
The PIMCO All Asset All Authority funds has been a top performing fund (in both good and bad equity markets) for nearly a decade and is a cornerstone investment for many of our clients’ portfolios. In his November 2012 report Mr. Arnott talks about the dominant themes driving his portfolio positioning as well as his Read more ➝
Housing Builds Momentum Amid Earnings Gloom
Housing, once the bane of the U.S. economy, is now a bright spot. Home sales and prices are up while inventory is down to a 5.4 month supply – the lowest since February 2006. Year-over-year sales have increased for eight consecutive months and previously owned homes listed for sale are at the lowest level since December Read more ➝
10 Key Components of the Fiscal Cliff
“When a nation has engaged in financial irresponsibility for decades, it is extremely difficult for politicians – who gloss over deficits and point fingers at each other – to reverse course and begin the painful steps needed to redress failed fiscal policies. It’s even more chalenging when it calls for shedding deeply held positions on Read more ➝
Fiscal Cliff Obscures Fading Fundamentals
Investor fears about going over the “fiscal cliff” may be exaggerated. A more tangible threat is the weakening U.S. economy. Earnings are declining, manufacturing has slowed and companies may reduce reinvestment and rehiring. According to this article from Allianz Global Investors “the chances of [the fiscal cliff] actually happening in its entirety are slim. However, if Read more ➝
Congratulations, Mr. President. Here’s how to fix the economy.
In a letter to President Obama, PIMCO CEO Mohamed El-Erian offers a four point plan for getting the country back to 3% annual growth and less than 5% unemployment. He challenges the president to enable and protect what works well in America today, and to help rehabilitate what has stumbled, what continues to struggle, and Read more ➝