Monetary policies in the U.S., Europe, Japan, and elsewhere carry long-term uncertainty and potential unintended consequences for fixed-income investors, says Western Asset's Steve Walsh.
While liquidity may provide temporary relief, only debt reduction--and a creditor haircut--will put Europe back on the road to growth, says TCW's Komal Sri-Kumar.
The European Central Bank has helped soothe short-term sovereign debt worries in Europe, but long-term competiveness must be improved for the crisis to fully fade away, says Morningstar's Dave Sekera.
ECB policies have stemmed volatility in the eurozone, but unless the region can start growing economically, global investors will still head toward low-risk U.S.-dollar-based assets, says Western Asset's Steve Walsh.
While some check out, others may only dream of a getaway from recent corporate headaches, reports Morningstar markets editor Jeremy Glaser.
Europe is currently trying quick fixes, but the continent will need to make major structural reforms in order to solve the sovereign debt crisis, says Artio's Rudolph-Riad Younes.
We don't know what the end game in Europe is yet, but these firms should be able to withstand the flood, says Morningstar's Paul Larson and Dave Sekera.
But even foreign-domiciled stocks can offer U.S. exposure, says Morningstar's Heather Brilliant.
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