New home sales shine in U.S. recovery

New home sales shine in U.S. recovery

Based on its internal dynamics, the U.S. economy continues to be one of the most attractive for investors. One of the key pillars of support for the U.S. economy has been the housing market. Dynamics of the housing market include low prices, low mortgage rates, high pent-up demand due to rising household formation, and institutional

Mixed data may hint at economic slowdown

Mixed data may hint at economic slowdown

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 that expectations are getting ahead of themselves. The Economic Surprise Index measures the difference between

Sequester will take a small bite from GDP

Sequester will take a small bite from GDP

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 do go into a sequestration mode in the United States, or get bogged down in

A time for leadership

A time for leadership

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 wealth of political partisanship. But all that means is that it is up to us

U.S. bond opportunities still stack up

U.S. bond opportunities still stack up

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, the United States continues to be among the most attractive developed bond markets for investors.

Strong economic growth is the best prescription for our fiscal health

Strong economic growth is the best prescription for our fiscal health

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 fiscal cliff, which hinge primarily on two factors: reducing spending and increasing revenues. Growing the

Real leadership is built on compromise

Real leadership is built on compromise

With the so-called fiscal cliff now less than a month away, it is time for Congress and the Obama Administration to get serious about addressing the long-term fiscal challenges our country faces. The significant economic damage that would result from a failure to act during the next several weeks should be unacceptable to every elected

Facing down the fiscal cliff (replay)

Facing down the fiscal cliff (replay)

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. This recording has been edited from its original format.