Double-edged sword
The authorities’ rescue packages have taken effect in numerous markets; but subsidies and other public interventions have previously put a brake on the economy and resulted in productivity loss, writes Kristoffer Stensrud in a guest commentary in Norwegian financial daily, Dagens Næringsliv.
11.12.2008
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Hard hit by the crisis
The flight to "safety" in the heavily-indebted west has caused stocks in emerging markets to develop more weakly than in industrialised markets. Companies are now priced lower than they were during the Asia crisis ten years ago, writes portfolio manager Knut Harald Nilsson in an article for Norwegian financial daily, Dagens Næringsliv.
13.11.2008
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Christmas rarely comes in July
In spite of many analysts’ attempts to talk up the financial sector, we are still staring into the abyss, writes portfolio manager Kristoffer Stensrud in a guest commentary in Norwegian financial daily, Dagens Næringsliv.
16.07.2008
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What are the central banks doing with our money?
Last week I attended a conference in Switzerland, where central bankers explained their worries. These are numerous at present. However, the main focus is now on rising inflation – to a far greater extent than at a corresponding conference half a year ago, writes Torgeir Høien, portfolio manager, in a guest commentary in the Norwegian financial daily, Finansavisen.
08.07.2008
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The market is as irrational as ever
One of the dominating current themes is the big losses and capital adequacy crisis within Western banking and finance. The most recent updates of estimated losses are in the region of half a trillion dollars. This is an enormous amount, which demonstrates the aggressiveness and appetite for risk among both banks and investors in recent years, writes portfolio manager Filip Weintraub in a guest commentary in Kapital, the Norwegian financial magazine.
19.06.2008
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Second round?
In spite of the Anglo-American property and credit crisis, companies’ earnings and the fundamental figures from the economies show that the worlds’ economies have not fallen into a deep hole. Yet. Read Kristoffer Stensrud’s commentary in newspaper Dagens Næringsliv.
20.05.2008
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Decomposing the decoupling and debt debacle
As a true bottom-up stockpicker, the top-down, macro-type debate is often confusing, abstract, and for want of a better word in today’s negative equity markets, sad, says Filip Weintraub, Portfolio manager of SKAGEN Global, in an article in Luxembourgish newspaper, Wort.
17.04.2008
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Growth decoupled from west
There is still a great deal of uncertainty regarding to what extent global emerging markets may decouple from an expected recession in the US as well as poorer times in Europe, writes Portfolio Manager Knut Harald Nilsson in Norwegian financial daily, Dagens Næringsliv.
09.04.2008
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Mr Bernanke’s national housing bank
The US has no inflation target. Even with inflation at 4 percent, the central bank has cut interest rates considerably. This could push up the expected inflation. At the same time the Fed has swapped good assets for poorer ones. This is also contributing to reducing confidence in the monetary policy, writes Portfolio Manager Torgeir Høien in a commentary in Norwegian newspaper Finansavisen.
01.04.2008
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Burst of finance bubble healthy
As the year is coming to an end, it is time to reflect on the past year. As with all years ending with 7, neither was 2007 free of turbulence. However, the fact that we have experienced in part great fluctuations on the fixed income and equity markets this autumn, is nothing special, writes Portfolio Manager Kristoffer Stensrud in a commentary in newspaper Dagens Næringsliv.
13.12.2007
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