Research and publications
A New Fiscal World Order: Implications for Investors
Macro events such as European sovereign worries are marking a turning point for the global economy and markets. This paper explores the "new fiscal world order" and the implications for investors.
A New Fiscal World Order: Implications for Investors (pdf)
Key points
- Fiscal tightening across most of the developed world in the coming years is exceptional; it warrants thinking differently about investing.
- Europe’s fiscal challenges are extraordinary, given the lack of offsets (so far) from currency or monetary policies.
- Opportunities in the new fiscal world order include high-dividend equities, emerging markets and selective commodities.
Questions
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