Equities performance and monetary illusion

Posted on 03. Feb, 2015 by Jean Jacques Ohana in Weekly Focus

Many investors have cheered the catch up of European equities as if it was a matter of fundamentals. For sure, the relative monetary biases (accommodative in Europe vs. restrictive in the US) stimulates liquidity in Europe to the detriment of US. As reflected in Riskelia’s Radar (figure 1), dynamics of equities are sharply improving in [...]