According to the Nash equilibrium in game theory, developed by mathematician and Nobel Prize winner John Nash, the stakeholders in the Greek situation will hold fast to their positions. Neither party will move from its position because both assume that the other will give in sooner or later. Continue
Risk Regime Investing
Investment Management Update – April 2015
The central banks know no boundaries. Using all their resources albeit with slightly different priorities, they attempt to stimulate the economy, stoke the stock exchange, weaken their own currencies and fend off the feared phenomenon of inflation. Ideally, these objectives should all be met at the same time. Continue
Investment Management Update – January 2015
Over the past two years, more and more European countries have not only been able to refinance at no cost with short-term government bonds, they have also been able to earn serious money by borrowing. The reason? Negative interest rates. Continue
Risk regimes
Risk regimes are time periods with different market conditions. Continue