Goldman says bet on expansionary policy from the ECB and lower oil prices helping developed world consumers in 2015. Global markets have been subject to the actions of central banks around the world for the better part of the last decade, and judging from Goldman Sachs’ top trade ideas for 2015, investors should expect more of the same. Goldman Sachs’s global marco market research team, led by Francesco Garzarelli, outlined ...
To generalize the economic problems of Europe, focus on demand: the lack thereof. In essence, Europe is relying on the European Central Bank to add incremental growth but the logic of growth without demand is illusory at best. The ECB’s latest stimulus plans seem as impotent as previous programs such as the much maligned OMT. Add to this the fact that ECB Head, Mario Draghi, did not seem his hyper confident self at his last press conference where he announced the details of the Asset Backed Securities ...
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