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Exact(11)
This has the effect, Mr Mehra argues, of weakening the demand for equities.
Economic developments in Europe reinforced the expectation of higher interest rates, which would reduce demand for equities.
Indeed, McKinsey reckons the net excess of supply over demand for equities in emerging markets will be some $7 trillion.Now, of course, this gap is entirely notional.
And with most Americans certain that the stock market is the best place to put their money, continued demand for equities could keep their prices in the stratosphere.
Demand for equities, backed by a surge of new mutual-fund money in America in January alone, has been rising in part because investors can find few other attractive bets.
This might happen if dividend yields on shares exceed government-bond yields for an extended period, as was the case in the first half of the 20th century.It is also possible that governments can encourage greater demand for equities.
Similar(49)
Demand for equity finance from technology and dot.com companies has risen sharply.
Life insurance earnings fell 10percentto to $52 million from $57.5 million, hurt by the slumping equity markets, which pared demand for equity-linked products.
But the excuse of complexity is no answer to the demand for equity.Some clubs have proved more responsive than others.
In torts, the demand for equity has allowed Japanese courts to introduce proportional recovery based on probability ofcausation as well as comparative fault.
The financial data collection and research company said growing demand for equity release products was driven by older homeowners consolidating debt.
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