euro | The Property Chronicle

The Euro could well rise to 1.23 by end 2019!

by Matein Khalid | Jan 8, 2019 | The Macro View

The Euro has been a disaster since its birth in 1999. Its monetary pathologies led to youth unemployment rates of 50 – 60% in Greece, Spain and the Italian Mezzogiorno. It gave a trillion-dollar windfall to German exporters at the expense of the hapless Club Med and...

The View from Berkeley Square

by Robert Fowlds | Jan 9, 2018 | Investor's Notebook

The global listed real estate sector In 2017 the FTSE EPRA NAREIT Global Index showed a total return of 5% for a sterling investor, although currencies were again a big factor (e.g. for a US$ investor the global total return was a healthy 15%). The main underperformer...

Greed and fear in the global stock market

by Matein Khalid | Nov 21, 2017 | The Macro View

US and global equities surged on news that the US House of Representatives passed the tax reform bill, Cisco and Walmart posted blowout earnings and a potential bidding war emerged for Fox’s media assets. The rally on Thursday followed a week of carnage in the US high...

The anatomy of a British pound collapse

by Matein Khalid | Sep 4, 2017 | The Macro View

It took a North Korean ballistic missile launch and Hurricane Harvey’s devastation of the $500 billion Houston/Galveston/Corpus Christi economy to push sterling higher to 1.2950 against the US dollar. While the British pound is the most undervalued G-10 currency on...

The hunt for value in global equities

by Matein Khalid | Jul 25, 2017 | The Macro View

The US stock market has been resilient to the political and policy firestorms created by the Trump White House. Trump’s failure to enact tax reform or a major fiscal stimulus has restrained but not destroyed the ‘animal spirits’ of the Wall Street bulls,...