Epstein Secrets

t-duration and cash next year across portfolios. As a last mention, for anyone looking for a timely read, I just finished William Silber's book about Paul Volcker. It is great context for how we got to where we are today and a reminder that while the past doesn't ever exactly repeat itself, it does rhyme. It's

I just finished William Silber's book about Paul Volcker. It is great context for how we got to where we a

believe inflation comes after growth and therefore isn't a threat to this cycle of easy monetary policy. We expect the Fed, European Central Bank and Bank of Japan will continue to promote "easy money." There is going to be an inflation shock that will come with accelerating growth-we just don't see it next year

should profit in the medium term. e Longer-term debt issues and weak competitiveness of major exporters are hurting the Japanese economy. Therefore the Bank of Japan and Ministry of Finance will maintain an expansive policy and continue to try weaken the JPY. However, current positive growth dynamics are supportiv

le to enter and exit their strategies Regulation Volcker's rule, USCITS III/IV 36 UBS Recommendations St

Foreign Exchange We remain underweight the Japanese yen. The Japanese economy continues to weaken against its peers, leading to rising pressure for the Bank of Japan to engage in further quantitative easing. We have closed our preference for the Canadian dollar following its recent strength, and therefore close ou

m to enter and exit their strategies. Regulation Volcker rule, USCITS III/IV 2 UBS Recommendations Strat