Posts Tagged ‘carousel’

Germany: Rosy outlook for 2013 confirmed

-0.6% q-o-q growth confirmed in Q4 The second release of Germany’s Q4 GDP confirmed the first estimate of -0.6% q-o-q growth (-2.3% q-o-q annualised and 0.4% y-o-y). The result for the entire year 2012 remained 0.7%. Contraction essentially due to falling exports The breakdown of Q4 German GDP showed that the final consumption expenditure of […]

Gold: reaching the summit?

After 10 years of beating the S&P 500 every single year with the exception of 2012, we believe that gold has reached a summit and we decided to reduce our gold exposure in our asset allocation.

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