The world’s major economies are experiencing a steady recovery, and financial markets are showing no signs of convulsion, even as monetary stimulus is gradually withdrawn. This is all the more remarkable when one considers the sharp increase in risk stemming from profound political dysfunction.
Why is the U.S. housing sector diminishing when demand for housing remains robust?
Twenty years ago, the world was standing on the brink of the Asian Financial Crisis. Here, Templeton Global Macro CIO Michael Hasenstab looks at how the response of local policymakers in the subsequent two decades has impacted emerging markets in general.
Equity market peaks (and troughs) are impossible to identify in advance. But this doesn’t mean that equity investments should simply be “set it and forget it.”
You may have heard about bitcoin. Spurred on by breathtaking price runups, some clients may even have asked you if they should invest in them, or if it’s safe to buy them and use them to make payments. Most likely you dismissed the whole thing as some sort of a tulip bubble. But it’s not as simple as that.
Many investors who lived through the Global Financial Crisis of 2007-2009 still might bear some scars, according to Franklin Templeton’s annual Retirement Income Strategies and Expectations (RISE) survey. The survey explores individuals’ attitudes and expectations about retirement and how prepared people feel regarding their future.
As history demonstrates, conformity to the irrational can and often does persist beyond conceivable limits, yet incoherence of behavior is not sustainable indefinitely.
It has become conventional wisdom that underperformance is due to the irrational investment behavior of individuals. For the creation and propagation of this conventional wisdom, we have DALBAR to thank. Now that Wade Pfau has shown that DALBAR’s research is likely to be worthless because it calculates its numbers wrong, it is time to question whether the conventional wisdom has even a scintilla of meaning.
Despite some uncertainties, economic improvements in developed and emerging markets have supported a positive mood across both equity and fixed income this year.
An aging population, lower fertility rates and entitlement and immigration policies pose challenges for an economy facing a shrinking workforce and increased public debt. In this presentation, Michael Falk will discuss how a dramatic re-thinking of public policies and attitudes that educate and motivate Americans of all ages to be contributors to its economic growth will help to ensure continuing prosperity. He will discuss:•Why well-intentioned programs such as Social Security actually put future economic prosperity at risk by encouraging workers to leave the workforce; •How re-imagined public policies on healthcare, retirement, and education will help enable Americans of all ages and backgrounds to gain the skills and motivation needed to fuel and sustain economic growth;•Why the key to prosperity lies in policies and cultural attitudes that encourage responsibility and appreciation, rather than entitlement and disengagement; and•How the successful implementation of these policies will reduce debt and increase prosperity, benefiting both investors and advisors.