Quarterly Economic Commentary (as of Oct 2015)

Risk of global recession is rising, and the main problem is EM debt.

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Morningstar published the Quarterly Economic Commentary (as of Oct 2015). 

Key Takeaways

  • Risk of global recession is rising, and the main problem is EM debt.
  • It's time to start thinking that long-term interest rates might not normalize this cycle.
  • Corporate profits and sales are key to U.S. outlook.
  • Eurozone is performing better--by eurozone standards.
  • Japan's policies are failing to lift inflation, and missing the main point.
  • We have too much uncertainty, not bad news, about China's economy and financial sector.
  • Pessimism over EMs might be overdone. Be discerning.

 

You can click here to read the full report.

 

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About Author

Francisco Torralba, Ph.D., CFA  Francisco Torralba, Ph.D., CFA, is an economist with Ibbotson Associates.

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