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   Investment Thoughts - Macro Observations

Strength in Aggregate Demand: Virtuous Cycle
Asset Allocation, Macro, U.S., Positive Outlook

Excerpts:

“Consumer spending is expected to provide a steady push to the economy through the rest of the year, while business investment, residential investment and even government purchases will also add to demand in the next four quarters.
(…) We view few aggregate supply constraints at this time in labor, energy, real investment capital and financial capital."

(…)


“Out of the Woods, into the Sunshine".

 

 

Excerpts-Wells Fargo Securities, Monthly Outlook, May 7th 2014

28.05.2014


 

Themes

 

Asia

Bonds

Bubbles and Crashes

Business Cycles
Central Banks

China

Commodities
Contrarian

Corporates

Creative Destruction
Credit Crunch

Currencies

Current Account

Deflation
Depression 

Equity
Europe
Financial Crisis
Fiscal Policy

Germany

Gloom and Doom
Gold

Government Debt

Historical Patterns

Household Debt
Inflation

Interest Rates

Japan

Market Timing

Misperceptions

Monetary Policy
Oil
Panics
Permabears
PIIGS
Predictions

Productivity
Real Estate

Seasonality

Sovereign Bonds
Systemic Risk

Switzerland

Tail Risk

Technology

Tipping Point
Trade Balance

U.S.A.
Uncertainty

Valuations

Yield