In this quarter's investment commentary, Robert Borden, Delegate Advisor's chief investment officer, has provided a brief update on the situation in Greece, including why we are relatively unconcerned with contagion spreading through the Eurozone. In the letter, he provides a primer and analysis regarding the relationship between inflation and interest rates, concluding that we do not see substantial upward pressure on long-term rates due to a lack of inflationary forces. Finally, we touch on an article by Stephen Schwarzman discussing a potential cause of the "next" financial crisis.
In addition, below are some materials we find informative and think you might find interesting as well:
- Steven Schwarzman’s editorial on a potential trigger for the next financial crisis
- An interesting Wall Street Journal article regarding unconventional financial metrics used by tech startups
- Stratfor’s summary of potential effects of the Greek referendum
- A thoughtful piece from Stratfor regarding the importance of China’s stock markets. “Why China’s Stock Markets Matter” is shared with permission by Stratfor.