The economy has shifted from falling off a cliff to merely sliding downhill

March 31st, 2009|by Michael Ashley Schulman, Perspectives, The Big Picture|

The economy has shifted from falling off a cliff to merely sliding downhill. Business confidence measures have bottomed across the developed world after free-falling late last year. Over the next few weeks, stocks and bonds will continue to price higher from their oversold levels, but sustained upside will require a meaningful economic recovery. Aggressive fiscal […]