DEUTSCHE BANK: The Performance Of Global Markets In 2013 Was A Necessary Response To What Happened In 2012

Deutsche Bank interest rate strategists led by Dominic Konstam compare the story in 2013 to that in 2012 in a note to clients, writing (emphasis added): In the end 2013 went broadly according to plan, presuming global policymakers indeed do operate with a plan in mind. Stellar returns in core market equities, led by Japan but including the European periphery, were balanced by nondescript mildly negative returns in the less risky asset classes. Europe enjoyed relative currency stability while the...