Month

May 2016

GIS May 23 (Disinflationary Growth)

Date: 2016-05-22 - Prepared by: The GISI
Between early May and September 2013, U.S. and U.K. 10-Y government bond yields nearly doubled, from around 1.6% to 3%. German 10-Y Bund yields spiked from 1.2% to 2.0%. The entire increase was driven by real yields, as inflation expectations...
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Special Report on Global Banks

Date: 2016-05-15 - Prepared by: The GISI
In this report we estimate the fair-value of the Price-to-Book ratio of 61 banks from around the world. We have constructed a non-linear model, based on four explanatory variables: the RoE, the Beta coefficient of each stock, the dividend payout ratio...
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GIS May 9 (The Fog of Noise)

Date: 2016-05-08 - Prepared by: The GISI
The currently low-level of real long-term interest rates should last much longer than most believe, which will eventually bring down equity risk premiums and push up valuations. The world economy continues to adjust to lower energy prices. Whether oil price...
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