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Monthly Archives: January 2012

Bob Doll’s Ten Predictions in 2012

Bob Doll at Blackrock offers his market predictions in 2012-

10 Predictions for 2012

Making predictions for a new year is always a difficult task, but this year the uncertainty associated with emerging markets growth, upcoming elections, and the European debt situation in particular, make the forecasting exercise especially precarious. Nevertheless, it is with this backdrop that we move forward with our predictions for 2012:

  1. The European debt crisis begins to ease, even as Europe experiences a recession
  2. The US economy continues to muddle through yet again
  3. Despite slowing growth, China and India contribute more than half of the world’s economic growth
  4. US earnings grow modestly, but fail to exceed estimates for the first time since the Great Recession
  5. Treasury rates rise and quality spreads fall
  6. US equities experience a double-digit percentage return as multiples rise modestly for the first time since the Great Recession
  7. US stocks outperform non-US stocks for the third year in a row
  8. Dividends and buybacks hit a record high
  9. Healthcare and energy outperform utilities and financials
  10. Republicans capture the Senate, retain the House, and defeat President Obama

How Chinese view Europe

Interview of Jin Liqun, Chairman of China’s Investment Corp. (or CIC), China’s sovereign wealth fund, with $460 billion assets under management.

Jin offers his views toward Europe and her economic and political systems. He also explains why CIC is unlikely to inject large rescue investments as per European leaders’ request. I’d say Jin’s views toward Europe is quite typical in China.

Starting from 12″10′ in the video interview, Jin had some really strong (yet painfully true) comments toward European welfare system.