The battle between the globalists and the populists has captivated people around the world, including investors, who are today inclined to place political news ahead of the more tried-and-true economic indicators in making decisions. Despite the turmoil in politics, though, many leading economies, especially that of the US, are doing rather well, with no major storms on the visible horizon.
MUFG Union Bank
No need to tear up the script yet on the 2016 outlook, despite the weakest ever first-week start to the year for US equity markets.
The US an Oasis of Prosperity: Will the Fed Be the Only Major Central Bank to Raise Interest Rates in 2015?
The markets have been climbing a wall of worry over the last several months. Investors seem to be focusing in on the bad economic news reports and exaggerating their importance. Positive news on the outlook is either dismissed outright or quickly forgotten. Real GDP in the third quarter of 2014 rose 5 percent in the third revision reported in late December.