2011-12-14 : Top Business Stories of 2011
Lorne Steinberg , Willem Hanskamp
LISTEN TO SHOW
http://www.radio-shalom.ca/EN/player.php?URI=/../mp3/Programs/1042/1402.mp3
Introduction
If you can’t wait for the stock market to end in 2011, you are not alone; this has been a very difficult year for all investor around the globe. The stock market volatility of summer and autumn 2011 have made investors extremely nervous again echoing again the banking crisis and the stock market collapse in 2008 ......but there has been one difference between what happened then and now, is that some of the bad debt that crippled the financial system then, carried by banks, has been passed on to governments and their taxpayers. And yet still, European and US banks still have potentially lethal level of bad debt. Debt threatens to bankrupt several Southern European countries sending the world back to recession mode. As promising as the U.S. economic outlook appears, corporate America’s large exposure to the eurozone should raise concern for investors who own multinationals as the eurozone approaches recession and faces a potential split . Even global credit markets are also feeling the pressure as capital is fleeing Europe’s largest banks and riskier assets like emerging market stocks. Cross-border trade is also suffering as major players like China report sales to the European Union falling the fastest since the Great Recession.
Juan Jose Nieto, chairman of Service Point Solutions a Barcelona-based document-management company, said he would move the company’s headquarters to the U.K. or Scandinavia in the event of a euro breakup. He said "We’ve had to reinvent our business in the last few years because of the crisis,". "We’re in survival mode , he claims" What’s happening in Greece and Italy not only affects banks but also companies like us."
http://www.radio-shalom.ca/EN/showemission.php?ID=1042
With the eurozone on the verge of collapse, the United States grappling with its own debt issues and even China slowing down, are we heading for another recession as productivity in USA is declining, and people are saving more?
The pessimists say that we are headed for a slowdown as we are confronting the next leg of the most intense deleveraging cycle in modern history? Or if you are an optimist or a bull you would invest in the stock market because dividend payouts are set to climb in 2012 as companies are flushed with cash? So what does 2012 hold for the global and Canadian economies ,should we invest in commodities? Agriculture? Dividend paying stocks or just stay on the sidelines?
Today live from the financial headquarters of Radio Shalom in Montréal is Mr Lorne Steinberg President of Lorne Steinberg wealth management and Willem Hanskamp senior vice president and chief investment officer of C.F.G. Heward Investment Management to discuss in our roundtable discussion on the global economy of some of the main business news that moved the markets in 2011 and will discuss if 2012 be a banner year for investors.
Lorne Steinberg founded Lorne Steinberg Wealth Management Inc with the vision of providing investment counsel services to high net worth individuals, based on principles of integrity, transparency, trust and capital preservation. Prior to founding the firm, he was President and Chief Investment Officer of AGF's investment counsel business in Montreal, Magna Vista Investment Management Ltd., which he joined in 1999. Before Magna Vista he spent 10 years at Lafferty, Harwood and Partners, where he began as a research analyst and was later responsible for the fixed income desk. Lorne received his MBA from the Wharton School of the University of Pennsylvania and his BA from McGill University. He has been a Chartered Financial Analyst (CFA) charter holder since 1996.
With the eurozone on the verge of collapse, the United States grappling with its own debt issues and even China slowing down, are we heading for another recession as productivity in USA is declining, and people are saving more?
The pessimists say that we are headed for a slowdown as we are confronting the next leg of the most intense deleveraging cycle in modern history? Or if you are an optimist or a bull you would invest in the stock market because dividend payouts are set to climb in 2012 as companies are flushed with cash? So what does 2012 hold for the global and Canadian economies ,should we invest in commodities? Agriculture? Dividend paying stocks or just stay on the sidelines?
Today live from the financial headquarters of Radio Shalom in Montréal is Mr Lorne Steinberg President of Lorne Steinberg wealth management and Willem Hanskamp senior vice president and chief investment officer of C.F.G. Heward Investment Management to discuss in our roundtable discussion on the global economy of some of the main business news that moved the markets in 2011 and will discuss if 2012 be a banner year for investors.
Lorne Steinberg founded Lorne Steinberg Wealth Management Inc with the vision of providing investment counsel services to high net worth individuals, based on principles of integrity, transparency, trust and capital preservation. Prior to founding the firm, he was President and Chief Investment Officer of AGF's investment counsel business in Montreal, Magna Vista Investment Management Ltd., which he joined in 1999. Before Magna Vista he spent 10 years at Lafferty, Harwood and Partners, where he began as a research analyst and was later responsible for the fixed income desk. Lorne received his MBA from the Wharton School of the University of Pennsylvania and his BA from McGill University. He has been a Chartered Financial Analyst (CFA) charter holder since 1996.
Willem Hanskamp started his career as an Analyst with the Amsterdam-Rotterdam Bank in 1972. Later, Mr. Hanskamp joined Credit Lyonnais Netherlands and Paribas Netherlands, where he specialized in global research and portfolio management. Willem moved to Canada and joined C.F.G. Heward in 1990. Today, Willem Hanskamp’s areas of concentration are Canadian, overseas (EAFE) and fixed-income securities. Additionally, Willem is the lead Portfolio Manager of the C.F.G. Heward Fund.
My name is Samuel Ezerzer, your host to the Money & Business show on Radio Shalom, CJRS 1650 AM. Thank you for tuning in live on the Money & Business show, with our Business studios headquarters in Montreal, the financial capital and the home to the greatest hockey team, the Montreal Canadians. We have another great show for you today and as always, you can call if you have any questions, comments, or criticisms on today's topic. Please call us direct at 514 738 4100 ext 200 or email me at moneyandbusinessshow@gmail.com if you have any inquiries. You can also visit our website at www.radio-shalom.ca – all our shows are archived there.I work as Financial Consultant for T.E MIRADOR or TE WEALTH. TE MIRADOR has been providing Corporate Executives , CEO 'S , families ,employers and employee with independent wealth management and Financial education services since 1972. You can visit our website for my contact information at http://www.temirador.com/,
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