Follow-Up from August 2017 Issue
“Those who live by the crystal ball are destined to eat broken glass.”
Close your eyes and imagine Tampa Bay beach. Many elements probably come to mind – white sand, clear blue water, sun, perhaps a gentle salty breeze.
Technology is the key determinant of economic productivity and growth.
It is impossible to overstate the extent to which changes in demographics impact long-term economic growth and financial asset returns.
Valuation is the subjective determination of how much something is worth. Before trading in your old car for a new one, you may check the internet to see how much the dealership should offer you for that old clunker. An appraiser estimates the value of your home before you sell it.
Over the better part of the last decade, central banks across the world enacted ultra-accommodative policies to combat the lingering effects of the Great Recession.
Getting a handle on the current state, and most likely future path, of the global economy can be a tall order.