Knights of the round table: mapping out the markets

Prieur du Plessis put together an excellent roundtable discussion about the global economy, markets, equities, inflation, bonds, housing, gold, energy, etc. 

I participated in this, along with John Mauldin of Millennium Wave Investments; Martin Barnes of BCA Research, and David Fuller of Stockcube Research.

That represents quite a few points on the globe: Prieur is located in South Africa, John in Texas, Martin is a Scot working in Canada, David in London, and myself in New York.

The full discussion can be found here.


Knights of the round table: mapping out the markets
Prieur du Plessis
June 28, 2007

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Discussions found on the web:
  1. GuyLerner commented on Jun 28

    Barry: your very last comments from the roundtable are excellent.

  2. Jason commented on Jun 28

    Great roundtable – thank you for posting!

    Wasn’t sure whether you were serious about the commodity ETFs or not, since they got quite a bit of publicity when they first came out, but there are several:

    GSG tracks the S&P GSCI
    PowerShares has a slew of them which they’ve launched with Deutsche, tracking both broad commodities exposure as well as component markets. Tim Iacono wrote about them on Seeking Alpha:

  3. Peter Pan commented on Jun 28

    I’ve been using the commodity ETF that follows the AIGCI. Symbol is DJP. My view is that it has a more balanced allocation of various commodities.

  4. ManhattanGuy commented on Jun 28

    The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.

    Economic growth appears to have been moderate during the first half of this year, despite the ongoing adjustment in the housing sector. The economy seems likely to continue to expand at a moderate pace over coming quarters.

    Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those pressures.

    In these circumstances, the Committee’s predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.

    Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Cathy E. Minehan; Frederic S. Mishkin; Michael H. Moskow; William Poole; and Kevin M. Warsh.

  5. P. K. commented on Jun 28

    Manhattan Guy: As Jimmy Rogers likes to say: “you get your investment advice from the government?”

  6. ManhattanGuy commented on Jun 29

    P.K – You got that impression from what again?? Because I posted the text from the Fed before Barry did?

  7. Francis Hwang commented on Jun 30

    Great interview. I have one practical question, though. Seems like everyone on the roundtable is bullish on Asian currencies: Any thoughts on how a modest retail investor such as myself might get into such currencies? I’ve looked around for an Asian-centric bond fund but had no luck.

  8. john commented on Jun 30

    John says “I’m banning myself!”

    And so it goes . . .

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