Churchouse Letter
December 2014         by Peter Churchouse

2015 Investment Outlook

“We really can’t forecast all that well, and yet we pretend that we can, but really we can’t” Alan Greenspan

Every December brings lots of long lunches and evenings with former work colleagues, acquaintances and friends as everybody starts winding down for Christmas.

It’s also a time when I get one particular question thrown at me a lot:

“Pete, what do you think the market’s going to do next year?”

But this December has been a particularly crazy month.

We’ve seen some massive volatility out of the emerging markets. Asia’s had a wild ride. EM currencies are down. Credit spreads are widening everywhere (i.e. investors are becoming more risk averse and demanding a higher rate of return for a given credit quality). And of course oil prices are back at GFC levels.

I figured this year, to make it a little easier, I’d sit down with Tama and we’d put our heads together and come up with some macro calls for 2015.

Many of our calls are based around our views on inflation and interest rates. As a result, the implications of our predictions have a tendency to bleed into one another.

This is because of the fundamental interrelatedness of the global economy. i.e. Our view on the Fed will impact our view on Europe, and what happens in Europe can affect some of our Asian calls and so on.

We’ve put precise numbers on our predictions where possible… But this report should be viewed as food for thought more than anything. Our more specific recommendations will come in The Churchouse Letter.

Wishing you a very prosperous 2015 from everyone here at Churchouse Publishing…

Good investing,

Peter Churchouse


Prediction Number 1...



Share This Article

LinkedIn   Facebook   Twitter  

Subscribe to Peter's premium publication, The Churchouse Letter, and get access to decades of winning investment expertise, insight and specific investment recommendations

Get your 1 Year Subscription to The Churchouse Letter for just US$0
 

* Required

BUY YOUR SUBSCRIPTION NOW
E-mail Address: *
Password: *
 
  • 12 Monthly editions of The Churchouse Letter, our flagship investment publication
  • Free Subscription - To the Premium Edition of Peter's free newsletter
  • Unlimited Access to our entire research archive
  • Access to the insight, investment expertise and no-holds-barred opinions of Peter Churchouse, one of Asia's most respected voices in finance
  • Don’t Panic. Just Prepare. - Put yourself in a position to profit with these 5 things you can do to prepare your portfolio for the next bear market.
  • Special Bonus! Peter's Rules for Buying Real Estate – Lessons From The Trenches.... An invaluable guide to how Peter made millions in property investment
  • Your 3 Golden Rules - Peter's top three rules of investing, guaranteed to maximize your gains and minimize your losses
100% Money Back Gaurantee