Sun, Feb 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Byron Wien predicts correction and new highs in 2014

Tuesday, January 07, 2014

Komfie Manalo, Opalesque Asia:

Byron R. Wien, vice chairman at investment and advisory firm Blackstone Advisory Partners has predicted that the worst geopolitical issues, coupled with euphoric extreme would lead to a sharp correction of more than 10% in the global economy in 2014. However, this will be followed with a move to new highs as the Standard & Poor's 500 will record a 20% total return by year end.

These were part of Wien’s 10 economic, financial market and political surprises that he predicted in 2014. He started the tradition in 1986 when he was the Chief U.S. Investment Strategist at Morgan Stanley. Wien defines a "surprise" as an event which the average investor would only assign a one out of three chance of taking place but which he believes is "probable," having a better than 50% likelihood of happening.

In the U.S., the economy will finally break out of its doldrums and will grow by more than 3% and the unemployment rate moves toward 6%. Fed tapering will prove to be a non-event, he said. "The strength of the U.S. economy relative to Europe and Japan allows the dollar to strengthen. It trades below $1.25 against the euro and buys 120 yen," Wien said.

He also described Japanese Prime Minister Shinzo Abe as the only world leader who understood that Dick Cheney was right when he said that deficits don’t matter. Abe, he said,......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s

  2. K2 Advisors : Why We Like Activist Hedge Fund Strategies and Some Thoughts on Alpha[more]

    Matthias Knab, Opalesque: Rob Christian, Senior Managing Director, Head of Research K2 Advisors, Franklin Templeton Solutions, writes on Harvest Exchange: When d

  3. Ex-Navy SEAL backed by Mario Gabelli, Jean-Marie Eveillard and other value giants off to strong start[more]

    From Valuewalk.com: Sententia Capital Management is not your average value focused hedge fund. The fund was founded by Michael Zapata, a former Navy Seal Team 6 Officer and has attracted funding from some of the best-known names in the value space. Mario Gabelli, Jean-Marie Eveillard from First Eagl

  4. Europe - 1 trillion euro non-performing loans are clogging EU lending channels[more]

    From Centralbanking.com: As much as 1 trillion euro of non-performing loans (NPLs) are still clogging the lending channel in the European Union. An EU asset management company (AMC) could address market failures in the secondary market for NPLs as part of a suite of measures designed to tackle the b

  5. Investing - Hedge funds' novel approach: investing for longer at lower returns, U.S. hedge fund Delta Partners lifts stake in Bellamy's, Hedge funds stockpile cobalt, electric carmakers on battery alert, Facebook is racking up the likes among the world's biggest hedge funds, Einhorn affirms gold on Trump uncertainty[more]

    Hedge funds' novel approach: investing for longer at lower returns From FNLondon.com: Hedge funds are known for making short-term bets, dipping quickly in and out of markets to take advantage of swings in prices. But, under pressure to innovate, some big-name managers are looking at ways