is back big time in Japan. Its eithe going to be boom or meltdown there. His ideas for qe are going to be spectacular now that he has been given the mandate. With China slowing down the chance of a major currency war in Asia Is substantial. With Europe trying do devalue the euro and Russia already under currency pressure that leaves the dollar and sterling in a strong position. All this should be be a positive for the irish economy in 2015. As a big exporter to strong currency economies its the ideal position to be in really.
Throw in EU qe and cheap oil and you would have to say we should be on the pigs back rather than one of the pigs for a change. Admittedly, its probably a simplistic view off things. The US and even the UK won't want their currencies getting overly strong and harming their respective strong economies either. How they deal with that will be interesting. No interest rate increases possibly.
bank of ireland would be heading for 36 cents were it not for the recent oil led sell off , this is a traditionally strong time of year for stocks , i have just bought a commerical property yielding 9% per year so will be selling a sizeable amount of stocks to pay for this , i had planned to get out in january at some point , who knows what will happen now with the crisis in oil
i dont think QE like we had in america is going to happen , germany calls the shots when it comes to ECB policy and they are already unhappy with draghis, dovishness ( in their eyes ) , i dont see them allowing QE unless they get a bigger say in budgetary policy of member states , germany views most eurozone countries as feckless financially and since they underwrite the euro , they feel they should dictate policy and their idea of policy is not major stimulus
i see the eurozone stumbling from crisis to crisis for another decade , the usa is doing far better and will do far better , unfortunatley stocks are very expensive in america right now , stocks are expensive everywhere , they are not the asset they were and im not clever enough to identify individual winners
once i sell most of my portfolio , i will keep some bank of ireland plus the following
citigroup facebook haliburton - bought it cheap societe generale vodafone apple general electric bmw
Poor Bob. Everyone is nitpicking at everything he posts, but to be fair to Bob he has made some very good calls in the past. He's a fairly savvy investor as far as I can tell but he takes risks I couldn't dream of. But credit where credit is due, he does make some valid points.
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