Nicholas Sproats

We all know people love bad news. We love bad news. Why? It creates opportunity. As Buffett says “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful”. Show More

Steve  Goldman

Things are again getting messy in Europe with renewed concerns over what will become the 66th Italian government in the 73 years following World War II. We at Kapstream believe there was never going to be an election outcome that would be positive from a markets point of view. Show More

Steve Johnson

Italy has been a wonderful hunting ground for the Forager International Shares Fund since inception in 2013, especially among smaller companies where we most often find an edge. The country has many world-class businesses and they have been cheap, until recently. Show More

AMP Capital

After the recent experience with the Brexit vote in the UK and election of Donald Trump as President of the US, which are indicative of a nationalist backlash against the pro-globalisation establishment, there is a fear that Europe will go the same way with nationalist forces in Italy, Austria, France,... Show More

Magellan Asset Management

Estimates state that the Italian banking system is holding around €360 billion of non-performing loans and if banks were required to write down these loans to current market values the Italian banking system could be required to raise up to €40 billion of new capital. The issue is that the... Show More

Saxo Capital Markets Australia

Growth in Eurozone looks like a 'total loss' for 2014: Steen Jakobsen, Chief Economist at Saxo Bank With Eurozone GDP figures out on Thursday, Saxo Bank Chief Economist and CIO Steen Jakobsen says the signs aren't good. While predicting a quarterly growth figure of 0.1%, Jakobsen warns there is also a... Show More

Tom McKay

From Macquarie: One of the most remarkable, and surprising, developments of late has been the strength of the economic recovery in Southern Europe. This trend continued in last week's data, with the Italian manufacturing PMI rising to 51.3 from 50.4 and the Spanish to 51.1 from 49.8. The Euro area Sentix survey... Show More