The illusion of low interest rates
Interest rates on 10-year US Treasury Bonds are at 1,6%. They have decreased continuously since their peak in 1982 (at 6%). Are those levels a harbinger of a major crisis, the bursting of a financial bubble, a series of bankruptcies, a lack of economic growth or increased expectations of volatility? Do they, on the contrary, warrant optimism, as a sign of a transition between two major economic cycles? Only one thing is for sure. Those rates will rise back up. Their average level is at 5% over very long periods. A hike back to those levels will strongly challenge the value of assets.
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Estin & Co on “Strategies”
This book summarizes the Estin & Co view on corporate growth strategies, the rise of emerging countries and especially China in the global competitive game, and the impact of economic cycles and timing in strategic deployment.
Please contact us to obtain a copy

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Conference in Paris
Estin & Co will be hosting this May its 8th annual conference. This year, it will gather 20 senior executives to discuss the topic of "Long-term growth."