but we see this as still too high against the weak economic backdrop.
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helping to support China's economic growth outlook for the second half of 2012 and into 2013.
we believe that Asia is best positioned for economic growth in the second half of 2012. In
bottomed-out inflation and hiccups in economic and market reforms
economic data continues to be mixed as the recovery continues but is prone to external shocks.
yields have traded range bound owing to conflicting economic data. The SNB stressed
resulting in an economic hard landing. A severe
positive economic surprises in Europe followed by monetary
“Independent Directors" of the Board of Directors of the General Partner shall be individuals who (a) are not (i) a Principal, (ii) a family member of a Principal, (iii} an employee of a Principal or any entity controlled by one or more of the Principals, and (b} meet the definit...
Freedom House chines, with their vast patronage networks, that pre- sided over American cities a half-century ago. Fidesz is apparently seeking to ensure that rival parties will never have access to the funds or influence necessary to unseat the incumbent government. ls Orban a...
Laffer Associates Game On [Updated 7/6/2016] And, of course, without a housing recovery, there can’t be prosperity, and, as shown in Figure 3 below, there is very little prospect for a housing recovery anytime soon. Figure 3 New Home Sales per 1,000 Adults (monthly, single-fami...
Entitlement Spending: Expenses Up 169% Over Past 15 Years, While Dedicated Funding Up Only 70%** F1995 F2000 F2005 F2006 F2007 F2008 F2009 F2010 Entitlement Revenue ($B) $484 $653 $794 $838 $870 $900 $891 $865 Y/Y Growth - 7% 8% 6% 4% 4% -1% -3% Social Security $351 $481 $577 $...
America’s nation-building exercise of the past twenty years was founded on self-contradictions that have tarnished US foreign credibility. The geopolitical framework for that policy has been “embrace and abandon,” a formula that has caused frustration, confusion and concern to Am...
32 HERE IS the dilemma. Yes, a social contract of sorts exists between these citizens and their regimes: in return for impressive economic- growth rates the people agree to forego their desire to replace their leaders. (Truly, East Asian autocracies have not robbed people of the...
2017 OUTLOOK Dear Clients, Readers of our previous Outlook publications may recall that this page typically summarizes the key themes of our economic and financial market prospects for the coming year. However, for 2017 we decided that a brief overview would not suffice, given...