In their 2011 Q&A Fidelity Investments provided an interesting long-term bullish perspective on emerging markets.  A core portion of this bullish case was built around the “age wave” – the [ … ]

Although the economy appears to be gaining some traction the labor market remains extraordinarily weak.  In a recent research report the Cleveland Fed put this weakness into perspective (Cleveland Fed): [ … ]

Today’s data was just one more sign that the economy is not falling off a cliff, however, investors should also be cognizant of the fact that everything always look brightest [ … ]

The following note from Northern Trust helps put the balance sheet recession into perspective. A recovery that is driven by the private sector and largely self sustaining is unlikely to occur before we see continued de-leveraging:

My outlook for housing remains largely unchanged in recent months.  Earlier this year I said the housing market was likely to come under renewed pressures in the second half of [ … ]

The latest GDP and personal income data have been widely praised for being “better than expected”, however, it is important to keep things in perspective. Expectations have become abnormally low as the recovery continues to be well below prior trend levels: