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December 31st 2009 Economic Overview

December 31st 2009 Economic Overview

The calamitous economic decline experienced worldwide, over the past two years would normally be followed by a robust recovery. Not so, this time around. We are in a dull heavy calm ...and this is best we can hope for. In 2010 the US economy will struggle to show 2-3% real GDP growth. Interest rates will remain low but unemployment will [...]

December 2009 Economic Overview

December 2009 Economic Overview

The rally in risky assets is proving hard to stop. Low interest rates have been the main driver, though having limited alternative markets or currencies to invest in must share the blame. But we must not mistake the stock market for the economy. As stock and commodity prices continue strong, there is a tendency to believe that the economy has [...]