Third Quarter 2010 Newsletter
Summary-
The US Economy is in the midst of a shaky hand off between the end of government stimulus spending and private sector’s slow growth. We expect this hand off will ultimately be successful, but anticipate a few more scares over the next 6-9 months that will provide additional market dips to be taken advantage of. Continued above average corporate spending should finally provide some much needed solid labor market gains by year-end. We expect low growth and low inflation in developed countries, and higher growth and higher inflation in the important and cannot gain much ground until construction picks up in 2011/12.
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