PIMCO’s Bill Gross says that what is needed to fix the European debt crisis is growth and budget discipline — not mere austerity. “No, that doesn’t work,” Gross says of the austerity approach in an interview with the Associated Press. “Eliminating a budget deficit won’t produce growth. It really requires a delicate combination of growth […]
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Tag Archives: Europe
Despite Euro Chaos, Fisher Still Bullish
May 9, 2012 
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While the chaos surrounding recent elections in Europe is scaring many investors, author and top-performing money manager Kenneth Fisher says it doesn’t change his bullish outlook for stocks for the year. Fisher tells Reuters that he thinks the European debt situation won’t topple the stock market, and that the fears are overhyped. ”We have seen […]
Read moreMobius Bullish on Europe
April 26, 2012 0 Comments
Templeton Asset Management’s Mark Mobius says he is upping his exposure to European stocks, despite the continent’s lingering debt woes. “The stocks in the European countries have gone down excessively as a result of the bad news emanating from this crisis and we find good investment opportunities at bargain price and we are increasing the […]
Read morePaulson Sees European Crisis Worsening
April 18, 2012 0 Comments
Top hedge fund manager John Paulson thinks the European debt crisis is going to worsen, thanks to continuing problems in Spain. “Mr. Paulson told investors in a call on Monday that he was betting against the creditworthiness of Germany,” the Financial Times reports, “regarded in markets as among the safest sovereign borrowers, because he saw […]
Read moreHerro’s Reasons for Optimism
January 12, 2012 0 Comments
Oakmark’s David Herro says that despite a tough year for his funds (which still have very strong long-term track records), he remains “extremely confident about the medium- and long-term future.” Herro says in commentary on his firm’s web site that the biggest challenge in the market right now may be volatility, which is being driven […]
Read moreFisher: Look for Euro Stock Rebound in ’12
January 5, 2012 0 Comments
The European debt crisis dominated the investment world for much of 2011, with eurozone stocks getting pounded. But in 2012, Kenneth Fisher says to key on the same types of companies that were hit hard by the crisis. “My travels have left me even more convinced that the current crisis will pass,” Fisher writes in […]
Read moreMobius Sees Euro Crisis Ending Mid-2012
December 21, 2011 0 Comments
Templeton Asset Management’s Mark Mobius says the European debt crisis isn’t as bad as many believe, and he expects it to be resolved in mid-2012. “The European crisis isn’t as deep and terrible as people think,” Mobius told the Brazilian newspaper Valor Economico, according to CNBC.com. “Nations there are in a process of negotiations and […]
Read morePaulson On How To Fix Europe
December 14, 2011 3 Comments
John Paulson, the hedge fund manager who made a killing by shorting U.S. real estate before the bubble burst a few years ago, says the European Central Bank needs to create a “firewall” to address Europe’s current problems. “Last week’s statement from European leaders should go a long way toward fiscal consolidation, a necessary step […]
Read moreDoll: Political Will Needed to Fix European Situation
November 22, 2011 0 Comments
Blackrock’s Bob Doll says that he thinks Europe is already in a recession, and that solving the continent’s debt crisis is not a matter of economics but instead one of political will. Doll tells Yahoo! Finance’s Breakout that he thinks political leaders will eventually show that will, but that the longer they wait the worse […]
Read moreBiggs Turns Bearish, Citing “Pathetic” Supercommittee Effort
November 21, 2011 0 Comments
Hedge fund guru Barton Biggs has turned bearish, saying he thinks the odds of a recession in the first half of 2012 have increased to about 60%-70%, and that the “current spurt in the U.S. economy … is going to fade as we get into next year.” Biggs tells Bloomberg that the apparent failure of […]
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