The year progresses with more challenges ahead

March 15, 2010

Last year it was the banks, this year it is countries. The economic crisis, which seemed to have eased off in the latter part of 2009, is once again simmering as the threat of sovereign default looms. The primary issue facing financial markets is the strength of the economic recovery as the year evolves. We see global economics growing moderately this year and corporations generating healthy revenue and earnings gains in 2010. While economic news should be better, it’s not clear how the financial markets will respond.

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