Report Detail Summary

The Second Quarter Outlook

March 19, 2013

In the short term, the expected low inflation and steadiness in short term interest rates combine to imply a continued, steady, and slow recovery. However, all bets are off after 2014. At that point investors must then determine whether the expected increase in yields is anticipating either higher inflation or a higher growth rate.

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The ValueTiming™ strategy is based on the assumption that politicians and policymakers have particular views of the world, and that they will in general adopt policy measures that are consistent with these views.


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