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Perspectives

A collection of our quarterly publication

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Maybe the Mayans Were Onto Something About 2012

Fourth Quarter 2011

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As if the levels of fear, uncertainty and doubt about the economic, financial and geopolitical backdrop weren’t already sufficiently elevated, the New Year also brings the apparent end of the Mayan calendar. In scary-movie fashion, all sorts of end-of-the-world types are counting down to the Mayan calendar event which appears to coincide...

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It May Be 2008 in the EU...But Not Here

Third Quarter 2011

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In 2008, financial events resembled tumbling bowling pins. The ’08 pins were bowled over in roughly the following sequence: U.S. sub-prime debt securities that had been rated AAA and regarded as “safe”, moved towards default. As losses in these “toxic” securities mounted, several major U.S. financial institutions were either vaporized or...

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