The life and career of Timothy Armour could be seen as a powerful story of an individual rising to the top of a company they have worked with for a number of years as they passed upwards through the financial industry as they stayed loyal to a single company. After reaching the positions of Chairman and CEO at the Capital Group where Tim Armour has found himself being called upon to provide his own views on the way the financial industry is being affected by economies from around the globe.
Timothy Armour began his financial and investing career with the Capital Group over 30 years ago as an analyst searching for the best possible investing options for the long list of clients the company holds; in his career, Timothy Armour has looked to become a major part of the Capital Group by remaining at the company and looking to develop its portfolio into one of the best in the U.S. financial industry. As he has been working at the Capital Group for over 30 years, Timothy Armour has developed a series of specialties and areas of interest, including his own development of the U.S. and global telecommunications industries.
After becoming Chairman and CEO of Capital Group Timothy Armour faced a global financial industry that was shaken by the slowdown of the markets in many different areas of the world. Armour was often called upon by members of the press to give his view on how the financial issues the world was facing have played out over the last decade, and had the opportunity to explain how he felt the global economy was changing.
The major selloff of shares in 2015 was identified by Tim Armour as being the conclusion of a number of years of incorrect choices by the U.S. Federal Reserve, and a lack of continued growth in developing and established economies.
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Armour believes keeping U.S. interest rates close to zero inspires risks to be taken by investment specialists, which he does not believe payoff in the long term; a second issue identified by Timothy Armour is the fact the global economy has relied on China to continue growing and supporting struggling areas of the world. A Chinese slowdown and market selloff has been identified by Timothy Armour as one of the major reasons the global economy slowed down, but he believes areas of Europe and Asia must face some of the blame for economic issues as their growth has stagnated in the 21st century.