"I've been giving advice to clients, you have to be in alternatives, have to be long-term. When you're a short-term investor, opportunities get tougher as markets get fully valued."
- Anuj Khanna, CEO of Bank Pictet & Cie (Asia)
"The Fed funds rate can be 0.5 per cent sometime in the middle of next year, and in a year's time (end 2015), one per cent ... if it's one, why won't the 10-year yield be 2.3 per cent?"
- Jim McCaughan, CEO of Principal Global Investors
ANALYSTS are starting to sound tired as they gaze into the crystal ball for 2015.
Every year for their 2011, 2012, 2013 and 2014 outlooks, they have been optimistic that this was the year when the global economy would pick up. Each year, they were forced to revise their...