Michael Petley is ECU's Chief Investment Officer, Chairman of its Global Macro Team, and one of the three investment managers of ECU's Institutional Global Macro and Active FX Overlay Strategies. Michael founded ECU in 1988 and was CEO & Chief Investment Officer for 19 years.
He has 25 years of experience in managing FX mandates and presided over the highly successful management of all ECU's core currency products until November 2007. He returned to ECU in 2011.
- Friday, 01 November 2013
Before we explore the impact of a country leaving the Eurozone, we need to understand, and be quite clear, why, under current EMU treaties and arrangement the prospect of one or more countries leaving the Eurozone is not just a possibility but an inevitability. Due to years of chronic economic mismanagement - multiple policy errors within the Eurozone and outside it - peripheral European...Read more...
- Friday, 08 November 2013
The really interesting question in all this is how the break up unfolds – do the weakest ones leave? (one by one or as a group) or does the elephant leave the room? The market has always assumed the former, it may actually be the latter. In many respects, the departure of Germany (with a few smaller Northern allies) would be far less disruptive. It would then leave a hard euro and a soft...Read more...