March 21, 2016

There are many crosscurrents around the world and at home. Most of the developed world has to contend with a low interest rate environment, while the emerging markets and commodity producers have the end of the commodity super cycle. Then there is also the China slowdown, the mass migration into Europe as the Middle East disintegrates, and the U.S. election process. With all of these things going on, no wonder it has been a turbulent market where reading the economic tea leaves has become a difficult task.

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