Binay Chandgothia of Principal Global Investor has expressed his candid views on the global markets and has given his frank opinion on European crisis. Have a frank reading to get to know an expert views from a panoramic view and we quote
As far the policy makers in Europe and concerned, there is no easy solution. It’s about not just liquidity but also about solvency. They need to come out with a very definitive statement on both — liquidity and solvency. On liquidity, of course the big hope is that ECB or IMF, one of these two institutions would have to play a big role. On solvency, they need to come and announce, take some constructive steps and greater fiscal integration or there will be a lot more chaos. Nevertheless, it is a long term process. The market is going to remain influenced by these macro headlines on Europe, and even the US. Investors have to be cognizant and take positions accordingly. Investors who are underweight risk asset classes can kind of bump a bit on the current declaration that we have had this month. However, there is no kind of major rally that we see in equity markets at this point in time.
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