While the U.S. economy merits a degree of optimism, as the recovering housing sector has supported improvement in the labor market and consumer spending, we question the outlook for the balance of 2013. A key indicator in our research reveals … Continue reading
With the automatic spending cuts, or sequestration, required by the Budget Control Act of 2011 still on track to go into effect starting Friday, March 1, we believe it’s important to keep the full impact in perspective. Even if we … Continue reading
Although some areas of the real estate market still have weaknesses, a number of factors are coming together to support the recovery in the housing market.
The United States must move forward and grow, and in doing so, not settle for the mediocrity of the so-called new normal. Our fiscal cliff dilemma has underscored the fact that we have a deficit of political leadership and a … Continue reading
We continue to be cautiously optimistic on the U.S. economy, which has been gradually improving. Clearly, there are a number of long-term fiscal issues that the federal government needs to address, including entitlement spending and the debt load overall. Nevertheless, … Continue reading
One of the few points everyone in Washington should be able to agree on is that a strong economy is vital to Americans’ — and America’s — fiscal health. But that point is often overlooked in the debates surrounding the … Continue reading
How much might the fiscal cliff disrupt the economy? Improving trends in the U.S. private sector — from housing prices to consumer confidence — contrast with the possible negative effects on growth as the public sector moves toward fiscal consolidation. … Continue reading
While the European Central Bank has made progress, we believe, on managing near-term liquidity risk, long-term structural issues remain.
The level of market distress surrounding global macro risks has declined in the latter half of 2012, helping sentiment and trading conditions in fixed-income markets return to more normal levels similar to those seen before the 2008 financial crisis.