Tuesday, August 2, 2011

World Growth - Consensus vs Reality

Consensus is for a slowing into year end for the US. We expect improvement into year end.

Consensus is for EU activity to slow, perhaps to a halt. Instead, Germany and France will coat tail the US.

View has been for months for a "hard landing" for China. Instead, China will surprise to the side of vigor, sparking US exports.

Finally, Japan’s recovery will continue to broach expectations, this in spite of a now expensive Yen.


Robert Craven

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