Global PMI remains depressed despite signs that we are beginning to see a trough in some segments of the economy. I continue to think we are looking at a prolonged recovery when it begins. The v-shaped recovery is off the table now. The issues around the globe are too large and too deep to overcome in a short period of time.
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Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.