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December 2015

Editorial

Dear Reader, Dear Members and Friends,

Thank you for the overwhelmingly positive response to the November issue of our newsletter. As we approach the end of an eventful year 2015, we invite you to reflect on some of the year’s financial market movements and governmental action.

As oil prices fell, energy stocks dropped to their lowest price in seven years. While the low oil cost is supporting the recovery of the Euro economy, it failed to boost consumer and business spending in the US, as the most recent WSJ report (12/11/15) revealed.

The European Central Bank is implementing its latest stimulus package, purchasing about 60 billion Euros by March 2017 in order to push Europe’s stagnating economy toward full recovery.

According to the WSJ, 2015 was the year of the deal – the biggest year ever in M&A activity – particularly in healthcare and technology.

With best wishes for a happy and festive holiday season and continued prosperity in year 2016.

B. Brossardt

B. Brossardt

B. Brossardt

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