Over the last two weeks we made a tactical decision to step aside and not invest in the Short-Term Model Portfolio. In our view the news-driven environment did not give us much of an ‘edge.’ We were wrong. Those subscribers who followed our “unofficial” recommendations did quite well over the past two weeks: first, a …
Global Financial Crisis, Act II
The world economy has bifurcated, which creates powerful crosscurrents as each segment deals with different challenges. The debt-ridden, legacy economies of the West need to deleverage, while the capital-rich emerging economies need to manage growth, capital inflows and inflationary forces. Meanwhile, Act II of the Global Financial Crisis appears to be playing out, albeit in …
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