Putnam Perspectives

Research insights from active investors

Real estate recovery gets real

The U.S. housing market appears to be transitioning from a fast-paced recovery to a more mature expansion underpinned by a balanced supply-demand outlook. As a result of higher home prices and lower consumer indebtedness, U.S. homeowners in the aggregate now have more home equity than debt, underscoring a dramatic improvement in numerous housing-related indicators since …

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Russia poses new risk for Europe

The annexation of Crimea by Russia led to a sharp sell-off in markets and especially in various Russia-exposed stocks. European companies whose businesses are leveraged to the Russian economy...

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Japan’s reforms face moment of truth

Regarding Japan, we have expressed optimism in recent quarters about the potential economic gains from Prime Minister Abe’s reform program. In 2013, the government and the Bank of Japan...

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