Half way through the year, markets appear very different
Nearly half way through the year, the markets appear very different to most observers than they did at year end:
- Private Equity (PE) acquisitions are achieving new records
- Foreign central banks and wealth coffers are refocusing their US investments
- Domestic housing and subprime mortgage woes have worsened
- Inflation concerns are more tangible
None-the-less, our outlook for relatively strong US and […]