Entries by Harold E. Sharon

    China: Doing What They Said They Would

    January 8, 2016 2:43 PM by Harold E. Sharon

    Developing its own independent monetary policy means China no longer has to hitch its currency to the strong U.S. dollar. And that should be a positive, not a negative.

    Once again, China's currency and its stock market are dominating the financial news as we start the new year. Will this, as it did back in August, set the tone for the next six months? Or is this just the ongoing story of China following through with its announced plans to allow more currency flexibility and mobility, thus allowing it to finally have its own monetary policy rather than being beholden to the U.S. Federal Reserve’s interest rate policies? 

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    Why Irish Eyes Are Smiling

    September 24, 2015 4:58 PM by Harold E. Sharon

    Thanks to a "NICE" recovery—that is, non-inflationary, creditless expansion—once-beleaguered Ireland is poised to report the fastest economic growth in the eurozone over the next two years.

    - “A commercial building in the middle of downtown Dublin thought to be worth €50 million sells for €90 million.”
    - “Taxes are being cut, and government spending is increasing in the 2016 budget.”
    - “GDP is above the 2007 peak, and growing at roughly 5.5% for 2015.”

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    Small-Cap World Tour: The REIT Time for Spain?

    June 26, 2015 9:55 AM by Harold E. Sharon

    With quantitative easing driving recovery in Europe, some Spanish real estate investment opportunities feature the potential for attractive yields and capital appreciation.

    (Third of a three-part series.)

    After investing aggressively in German real estate companies, Lord Abbett’s international small cap equity team has found similar opportunities in Spain, one of the cheaper rental markets for commercial space in Europe.

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    Small-Cap World Tour: A Yen for Japan

    June 19, 2015 12:20 PM by Harold E. Sharon

    Why Japan is attracting more foreign investors in small caps

    (Second of a three-part series.)

    The Lord Abbett International Opportunities Fund looks at a variety of companies in small cap. They may be best of breed, with a long track record, quality management, and strong niches they dominate. They may be younger companies with true growth potential in relatively new industries, or they may simply be overlooked companies, whose intrinsic value may have been underestimated by the market.

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    Small-Cap World Tour: Passage to India

    June 16, 2015 4:50 PM by Harold E. Sharon

    Why certain small caps in India appear more attractive than in China

    (First of a three-part series.)

    Imagine a politically dysfunctional country that imports 80% of the oil it consumes. If world oil prices hit $100 or more, double-digit inflation is likely to ensue. Factor in a new pro-market government, widespread reforms and lower commodity prices, including oil, and that country is likely to attract considerable amounts of international investment.

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