Blackstone’s Vice Chairman of Advisory Partners Byron Wien is aware of numerous serious long term problems facing the economy, but regardless he remains a modest stock market bull and is optimistic 2015 will end on a positive note. Wien: Better times are ahead In an October 3 email titled “Better Times are Ahead,” Wien noted the headwinds: massive sovereign debt obligations, margins peaking, increasing pressure on blue and while collar middle class workers caused by technology and globalization, decaying infrastructure, rising social welfare costs, geopolitical conflicts, Middle East uncertainty and a dysfunctional government in Washington. It is a long list, all…
Byron Wien Somewhat Bullish With Many Caveats
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.