This is not deja-vu all over again. This recovery is still middle aged and has years to go. Equity markets continue to be attractive on their own merits and especially relative to fixed income.

Ronald Temple | 2 comments | 0.50 CE

De-leveraging, widening inequality and structural reforms limit growth in developed markets. The US is the most advanced in addressing these challenges.

Ronald Temple | 0.50 CE

At first glance, it appears that the US job market has healed. Unfortunately, it is not that simple. The US still has substantial excess labor supply.

Ronald Temple

In the US, despite moderate growth, we see very attractive valuations while many emerging markets are undervalued. But 7% growth in China is unrealistic.

Ronald Temple

We must challenge common assumptions about the US and emerging markets to ensure we are focusing on the best routes to the right destination.

Ronald Temple

The US economy made substantial progress in 2013. The economic outlook for 2014 appears promising -and the US equity market can continue to appreciate.

Ronald Temple