Investment Outlook May 2016

Just as the „one ring“ created by the evil Lord Sauron helped the bearer to obtain control over all of middle earth in Tolkien’s epic novel Lord of the Rings, monetary policy seems to be the all-pervading power for the economy and financial markets in today’s real world. Commentators, politicians and market participants all seemingly hope for the central banks to finally re-establish what is deemed to be „normal“ growth and inflation rates by finding ever more unconventional tools.