It's aproblematic time where figuring out where markets are going becomesespecially difficult. The economic recovery has been relativelyweak, but sustained. The official unemployment rate is about haslow as it ever goes, but wage growth has been anemic and manyAmericans are falling behind as they pay more for healthcare,receive fewer benefits, and face higher taxes, especially at thestate and local levels (property and sales taxes as well as variousfees for services go up, up, up). The primary election resultspoint to the economic uneasiness lacing the country—Trump andSanders voters see the deck stacked against them—older white bluecollar voters think they are losing ground, while the youngercohort faces obstacles in setting a successful future course—highstudent debt is just one of them. The world scene looks especiallydicey—when economies go south (China, Russia, Saudi Arabia)governments seek conflicts to distract their restive populations.The UK possibly abandoning the EU and the ongoing migrant crisisleave an already weakened Eurozone on edge. The bubble has poppedin Brazil, and India is endless hype. Overlay all of this turmoilwith the threat of Islamic terror and add in a dash of climatechange with a bit of Zika virus, and the recipe looks like a stewfor dragging down global growth.
It's aproblematic time where figuring out where markets are going becomesespecially difficult. The economic recovery has been relativelyweak, but sustained. The official unemployment rate is about haslow as it ever goes, but wage growth has been anemic and manyAmericans are falling behind as they pay more for healthcare,receive fewer benefits, and face higher taxes, especially at thestate and local levels (property and sales taxes as well as variousfees for services go up, up, up). The primary election resultspoint to the economic uneasiness lacing the country—Trump andSanders voters see the deck stacked against them—older white bluecollar voters think they are losing ground, while the youngercohort faces obstacles in setting a successful future course—highstudent debt is just one of them. The world scene looks especiallydicey—when economies go south (China, Russia, Saudi Arabia)governments seek conflicts to distract their restive populations.The UK possibly abandoning the EU and the ongoing migrant crisisleave an already weakened Eurozone on edge. The bubble has poppedin Brazil, and India is endless hype. Overlay all of this turmoilwith the threat of Islamic terror and add in a dash of climatechange with a bit of Zika virus, and the recipe looks like a stewfor dragging down global growth.
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