Drum Hill Capital
Year End Review and Outlook 2015
2015 saw divergence across economies, central banks and markets. The Fed raised rates for the first time in nearly a decade, while the ECB and Bank of Japan continued to ease.
Volatility returned with a vengeance, and we believe that this is likely to continue into 2016.
The US and Chinese economies seem to be the dual engines of the global economy now, but we begin the year uncertain of the state of both.
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Europe’s Migration Crisis
Quarterly Letter: Q3 2015
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