Blog

Last week, Kevin presented his Capstone project as the final step to complete the Willamette University MBA program. Scott and Tom were on hand to hear Kevin's presentation and snap a few photos. His Salem-based cohort will celebrate with a multiple-cohort, combined ceremony in January (so watch for the official graduation photos after the new year).  Way to go, Kevin!

It's that time again. As part of Fidelity’s money movement process controls, you will receive up to two notifications from Fidelity.  This first notice, to be sent out this week, is to confirm the current asset movement authorization (AMA).

By Kevin Chambers

By Kevin Chambers

By Kevin Chambers

By Tom Sherwood

On Sunday, Tommy graduated from the University of Oregon Executive MBA program. His Portland-based cohort celebrated with a ceremony at the Sentinel Hotel. Tommy’s wife Rose, his parents, brother, sister, and his wife’s parents, as well as Scott and Kevin,  attended the event.

By Kevin Chambers

By Kevin Chambers

Over the first weekend of May, Emmanuel Macron was announced the victor in the presidential election in France with over 60% of the vote, demonstrating the commitment of the French people to the European Union and providing an encouraging sign for European companies. We will take the time to look back on the last few years of European investments and what we can expect for the future.

European Union

The European Union is an organization of 28 countries. It is an agreement to share political and economic legislation. The EU makes up 7% of the global population; however, the EU accounts for 20% of global trade (The Economy, 2017). The GDP of the EU is over $16 trillion, just behind the United States, making it the second biggest economy in the world and an important economic hub for the world.

Recent Economic History

The recent economic history of the EU can be boiled down to three major events. First was the 2007-2008 crisis. Europe suffered more from the 2008 financial crisis than the US and other developed nations. While the US stock market lost 37% and the Japanese stock market lost 29%, the EU markets lost 46%. The second was the European credit crisis in 2011. Greece, Portugal, Spain, Cyprus, and Ireland all faced collapsed and needed to be bailed out of debt. Finally, the recent announcement of the UK leaving the union. These events, one after another, have hampered European growth over the last 10 years. Europe lags behind most other developed nations, including Australia, Singapore, Hong Kong, The US, and Japan.

Compounding the problem to some degree, the most financially successful European country recently has been Switzerland, which is not part of the EU. In previous blog posts and papers, we have reviewed the different crises and explained their outcomes as well as looked at specific markets and the challenges they face. Here we will consider the current state of Europe after the French election.

By Kevin Chambers