Its rough out there. are you an economist? what will it look like at year end?

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Presentation transcript:

Its rough out there

are you an economist?

what will it look like at year end?

problems persists….

gimme more of those 0% yielding bonds

Spain.. Nice this time of the year Source: Time. Valencia needs to spend close to $1 million a year simply to maintain the City of Arts and Sciences. That will be difficult for a local government that has to raise 500 million euros through the sale of short-term bonds at rates higher than Greece.

fragile Europe

austerity.. please can we have less

there’s hope here Source: Time, Queens Jubilee

ALSI long term

what if this becomes the norm?

ALSI

how does one create gains here?

worse here

and here

Despite PE’s

a dichotomy in SA

as sweet as a PE of 7

worried about everything Source: the economist

back to basics

thank you