Каморка

elena S. писал(а):мармот лошадью пошел, изменил название топика..

elena S. писал(а):постите по теме

Victoria писал(а):

elena S. писал(а):постите по теме

годы ж тренировки нужны

Marmot писал(а):Да какие ваши годы...

Victoria писал(а):

Marmot писал(а):Да какие ваши годы...

у блинской шахты ж приятнее, чем в колесе

Marmot писал(а):

Victoria писал(а):

Marmot писал(а):Да какие ваши годы...

у блинской шахты ж приятнее, чем в колесе

А как же созвездие Геркулеса?

Marmot писал(а):А как же созвездие Геркулеса? :what!?: :what!?: :what!?:

elena S. писал(а):постите по теме, ироды, а то дементий засмеет вас всех и правильно сделает

NEW YORK - Some of the world's most closely watched investors are looking beyond the U.S. Federal Reserve's battle against deflation and positioning for the next phase of inflation globally and solid growth outside the United States.

Loomis Sayles' Dan Fuss, TCW Group's Tad Rivelle, and PIMCO's Mohamed El-Erian are among money managers bracing for inflation, enemy No. 1 of bond markets, even as the Fed continues to stave off the threat of falling prices.

They and others have been buying inflation-proof assets such as Treasury Inflation Protected Securities, emerging market stocks, bonds and currencies, and U.S. stocks exposed to commodities. The picks play on solid growth in countries such as Brazil and China.

Some investors say the bull market for U.S. government debt, which has lasted on and off for three decades, is over.

"There is a dramatic change in the secular trend in interest rates," said Mr. Fuss, vice chairman of Loomis Sayles, which manages US$155-billion. "For the last 29 years and 1 month, interest rates went down. But we are preparing for higher rates, and I don't want to read about it as it happens and figure out what to do or how to clean up what was missed."

Today, the U.S. central bank is expected to announce another round of asset purchases, having already spent US$1.7-trillion to try to resuscitate the economy.

The prospect of more intervention by the Fed is pushing U.S. bond yields lower, reducing the cost of borrowing dollars and encouraging investors to buy assets such as emerging market stocks and commodities such as palladium, copper and gold.

PIMCO (Pacific Investment Management Co.), which has US$1.1-trillion in assets, launched a global fixed-income and currency fund in early 2009. Mr. El-Erian, the co-chief investment officer of PIMCO, said "selective global positioning" has been crucial over the past year and a half.

The fund invests in a broad range of currencies through foreign-denominated debt and plain currency exposure as well as fixed-income securities and instruments such as corporate bonds and inflation-protected bonds.

It is currently overweight on emerging markets, favoring currencies in the Asian region, including the Chinese yuan, Singapore dollar, Korean won and Philippine peso.

The U.S. dollar risks losing 20% of its value over the next few years as a result of further heavy spending by the Fed, Bill Gross, PIMCO's co-chief investment officer, told Reuters on Monday.

All year, the price of gold has reflected festering inflationary pressures, stemming from the extensive printing of money by the world's central banks. On Friday, gold surpassed US$1,350 an ounce, a record and was trading at US$1353.10 yesterday.

"If you look at it on a real-dollar basis gold is still not trading anywhere near its January 1980 high, which would, in inflation-adjusted dollars, be about US$2,200 an ounce," Kevin Feldman, iShares Managing Director at BlackRock, told Reuters.

Core U.S. inflation, taking out volatile food and energy prices, has been running at levels not seen since the 1960s. By the Fed's favorite measure, it rose at only a 0.8% rate in the third quarter, the second-lowest reading since 1962.

The Fed believes the clear danger is a deflationary spiral, but asset managers are preparing for the next cycle.

Fed stimulus is "a green light stuck on green," said Linda Duessel, equity market strategist at Federated Investors, which has US$341 billion under management.\

"History says in those cases you're going to love financial assets."

Demand for stocks, bonds and other assets financial increases when a central bank pumps liquidity into markets as investors seek to turn it into returns.

Boston-based Loomis has put together a team of seven researchers to examine inflation regimes around the world to support the firm's recently launched Multi-Asset Real Return Fund, which will invest in fixed-income securities, currencies, commodities and equities.

Similarly, TCW's Mr. Rivelle told Reuters in early October that his US$110-billion firm is mulling a global fixed-income fund over the next six to 12 months.

The number of emerging markets-oriented exchange-traded funds (ETFs) has risen to 111 at the end of September from 80 at the end of 2009, according to the Investment Company Institute. With US$136-billion in assets, it is the second-largest category among ETFs.

"One of the unintended side effects (of Fed policy) is ... that capital will continue to flow from low-rate developed economies into emerging markets," said Jim McDonald, chief investment strategist at Northern Trust Global Investments, which has US$650-billion under management.

Yury писал(а):

Stanislav писал(а):черепушка это по нашему...

лена, ты там пометь себе в черных списках, что стас тебя старой черепушкой назвал...

Stanislav писал(а):

Yury писал(а):

Stanislav писал(а):черепушка это по нашему...

лена, ты там пометь себе в черных списках, что стас тебя старой черепушкой назвал...

Я??? Я только перевел твою транслитерацию!

Yury писал(а):

elena S. писал(а):мармот лошадью пошел, изменил название топика..

а главное, что к новому содержимому и старые названия бы подошли

Yury писал(а):

Stanislav писал(а): Я??? Я только перевел твою транслитерацию!

мою? ленину вообще-то

Stanislav писал(а):

Yury писал(а):

elena S. писал(а):мармот лошадью пошел, изменил название топика..

а главное, что к новому содержимому и старые названия бы подошли

Как это подошли бы? Причем тут UPS?