1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
CanadianValue
CanadianValue
Articles (4624) 

Goldman Sachs Jim O'Neill - Global Markets Likely to Outperform in 2013

December 31, 2012 | About:

O'Neill created the famous "BRIC" acronym for the economies of the leading large emerging economies. He is chairman of Goldman Sachs Asset Management. CNBC checked in with him today for his view on a few subjects; here are his main thoughts:

- He is encouraged by the fact that global stock markets don't seem to be impacted by the fiscal cliff issues.

- The markets either think this issue will only impact the states or the American politicians will do something useful.

- He thinks the global markets are taking leadership from the market in the states which led in 2012.

- Investors seem to realize that whatever politicians do isn't going to address the long-term challenges facing the economy.

- The U.S. economy has two big strengths right now: housing and the shale oil and gas boom.







About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 4.5/5 (2 votes)

Comments

Please leave your comment:


GuruFocus Mobile App


User Generated Screeners


GaborWishlist_LowPE
GaborEV/EBIT_basic2
Jwalker89Tech
Jwalker89Industrials
Jwalker89Energy
Jwalker89TelCom
Jwalker89Healthcare
Jwalker89Consumer Staples
Jwalker89Consumer Cyclical
Jwalker89Basic Materials
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK