Hollow architecture 20/10/2014 Clarion calls for asset wealth managers to embrace Open Architecture (OA) have been a remorseless din in the ears of advisors and clients alike. Very few such businesses do not state vocally that they adhere to this thoughtless ideology. For it is thoughtless, since it is almost impossible to implement in the manner in which it is portrayed and understood.
Market collapse or correction: It's that old but not that familiar October feeling 17/10/2014 October and stock market collapses go together. The Wall Street Crash of 1929 occurred in October when on 28 October (Black Monday) and 29 October (Black Tuesday) the Dow Jones Industrial Average lost 12 percent and 13 percent respectively. On 19 October 1987 (another “Black Monday”) the Dow plunged by 20 percent, an event replicated by major market indices around the world. More recently in 2008 the Dow fell by around 14 percent.
Forget Thomas Piketty: Buy Credit Suisse 16/10/2014 With 577 pages of text and another 108 pages of notes, “contents in detail”, lists of tables and illustrations, and indexes Thomas Piketty’s “Capital in the Twenty-First Century” is a doorstop of a book. It is also deeply flawed. According to a number of critics, including the Financial Times’ Chris Giles and Ferdinando Giugliano (see The Financial Times, 24 May 2014), both its main conclusions and the data sources that underpin them have many shortcomings.