Outlook for Financial Markets Highlights:
- Economists blaming the weather for poor results are like students blaming their dog for eating their homework. Then again, there really is no way to seasonally-adjust trends when the temperature drops to 50 below zero.
- Money is in motion and most of it is leaving emerging economies. Easy liquidity has for years prompted investors to flood cash into countries like Turkey, Russia and India in the chase for favorable yields and high economic growth.
- One missing ingredient in the global recovery has been business leader confidence.
- In a service economy, training and education is critical to entering the middle class, yet less than one-third of Americans aged 25-34 has a college diploma. Roughly 86 percent of the variation in household income can be explained by educational attainment.
- Even though there's been a sharp reversal in risk taking, the best way to characterize investor attitudes is “confused.” Nowadays, a high number of individual investors are characterizing themselves as “neutral” when measured against “bullish” and “bearish” respondents.
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