New Chairman Of The Capital Group Extends His 30 Year Career

The Capital Group has been one of the top U.S. based financial specialists for more than 80 years and is driven by its commitment to its more that 7,000 analysts working across many different financial sectors. The rise of Timothy Armour through the group from being a part of the Associates Program at the company to a position as an analyst with the company and finally as the Chairman of the Capital Group; Armour followed the succession plan of Chairman Jim Rothenberg whose plan led to the election of Armour as the Chairman and Chief Operating Officer of the Capital Group in July 2015.

Timothy Armour has been on a long journey to the position of Chairman at the Capital Group that began with the completion of his bachelors degree in economics from Middlebury College; the first career move Armour took was to join Capital’s Associates Program and begin his time at the company that has left him steeped in the history and tradition of the company. More than 30 years ago Tim Armour took his first career steps that led to him becoming an analyst specializing in U.S. service companies and global telecommunications, which was then in its infancy; despite rising to the position of Chairman of the Capital Group Timothy Armour still works as an analyst bringing his skills to the company he now leads.

Related:

The work Tim Armour has completed in finding investments in the global telecommunications industry has given him a solid grounding in the global financial markets that were struck by a major selloff in September 2015. Although many experts simply looked to blame the Chinese economy for the market selloff of 2015 Timothy Armour believes the problems lie much deeper in the issues seen across the world.

In the U.S. Tim Armour believes a rise in interest rates would halt the return to risky investments he has spotted over recent years as almost zero level interest rates have given analysts a confidence Armour believes has given rise to the problems seen in recent years. When both China and the U.S. were driving the global economy the zero interest rates were seen as a good thing by Armour, but he feels a change in U.S. policy would benefit the global markets and help developing nations find a solid foundation for the future.

For more information, connect with Tim Armour on LinkedIn.

 

George Soros on Tackling Debt Crisis

George Soros is a Hungarian-American investor, business magnate, philanthropist, author, and a political activist. Soros is always concerned with the economic status of other nations as an international investor. He gives his thoughts on what policies should be employed to create booming economies. Soros has always given his contributions to the economy of the US, Russia, Africa, among others. Soros has acquired a lot of knowledge on debt crisis for the many years that he has been in the investment field. He shares this with other nations. Soros gave his insights regarding debt relief in Ukraine and the EU. George Soros had an interview with Gregor Peter Schmitz. Their discussion was based on the policies that the EU and Ukraine should apply to get out of their current crisis.

George Soros Ukraine was asked whether the worst is over in regards to the euro. He said that the euro is here to stay. This was made clear by the elections in Germany whereby the subject was rarely talked about through the coalition negotiations. He says that Chancellor Angel Merkel is okay with the manner she handled the crisis and that the German public feels the same. The increased majority elected her back to power. Soros says that Merkel always does the absolute minimum necessary in the preservation of the euro. This is what has earned her the allegiance of two pro-Europeans and those who believe in her to guard the national interests of Germany. Source: http://www.nybooks.com/articles/2015/02/05/new-policy-rescue-ukraine/

George Soros says that the arrangements that came up in response to the EU crisis have become recognized as the new orders that govern the Eurozone. He states that the Russian invasion of Crimea should be a wake-up call and that it is not only Germany that is in a position to alter the prevailing order. No debtor nation can challenge it. The nation that tries to do so will be punished by the European authorities and the Financial markets. Soros says that he is happy that Germany no longer pushes the debtor nations underwater. They can “get some little oxygen” and are starting to breathe. This has given the financial markets a lift since the economies are going down and that this brings a rebound automatically.

George Soros says that the prospect of a long-term stagnation is still there. He adds that the Eurozone is being threatened by deflation although the opposition for the constitutional court of Germany and its legal departments will ensure the ECB (European Central Bank) does not successfully overcome the deflationary pressures. This has been done by other banks such as the Federal Reserve.

Soros also talks about the crisis in Ukraine. He says that Ukraine and Crimea are a significant interest to Russia. He says that Putin misjudged the situation woefully and that he did not have problems in outmaneuvering the European Union in the last autumn. Soros says that this was hamstrung by the internal politics of the country and the financial problems. He says that Putin should offer a better deal to Yanukovych who is the president of Ukrainian.

Read the profiles of George Soros and Ukraine on Forbes