Euro area

The domestic economy is much closer to normal

June 30th, 2015|by Michael Ashley Schulman, Perspectives, The Big Picture|

The domestic economy is much closer to normal that it has been in the last five years. With expectations that the U.S. economy will grow 3% in the second half, Greece’s immediate uncertainty behind us, Cuban and Iranian détentes winding their way through the political process, and little damage done by Chinese stock gyrations, there […]

The world has evolved into a two speed economy

December 31st, 2010|by Michael Ashley Schulman, Perspectives, The Big Picture|

The world has evolved into a two speed economy. On one side is the G7, stymied by the financial crisis, deleveraging and disinflation, slowly clawing its way back to trend growth and requiring additional policy action and stimulus. On the other are the Emerging Markets, enjoying a robust recovery, rising asset prices, accelerating business activity […]