A Biased 2017 Forecast, Part 2
Submitted by Jim Quinn via The Burning Platform blog,
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JPM: "Central Banks Have Created Unprecedented Distortions In Government Bond Markets"
As part of his just released 2017 outlook, JPM's Michael Cembalest, chairman of markets and investment strategy, notes that while "political upheavals and unorthodox central bank actions persist" he prdictes "more of the same in 2017: single digit returns on diversified investment portfolios as the global economic expansion bumps along for another year." Of course, the alternative is a recession call, which considering the current expansion will be the third longest in US history by the time Trump is inaugurated in less than three weeks, is probably not too farfetched.
What Keeps Goldman Up At Night About 2017
With 2016 still fresh in most investors' minds, and questions about 2017 pressing, here is a summary, courtesy of Goldman's Allison Nathan, of where Goldman believes we closed out 2016, what is in store in the coming year, and ultimately, "what keeps Goldman up at night" about 2017.
2016, and a peek at 2017
US Warns North Korea Against Testing Nuclear-Capable Missile
The United States has warned North Korea against carrying out “provocative actions,” after Pyongyang said it was putting the final touches to a new intercontinental ballistic missile (ICBM) capable of reaching the US soil The Pentagon issued a statement on Sunday warning North Korea that it would face serious consequences if it makes good on its most recent threat of testing an intercontinental ballistic missile. Press TV reports: The warning came only hours after North Korean leader Kim Jong-un announced the regime’s plans to test the new ICBM.
2017: When The Wheels Finally Come Off
Submitted by Howard Kunstler via Kunstler.com,
“There is no other endeavor in which men and women of enormous intellectual power have shown total disregard for higher-order reasoning than monetary policy.
-David Collum
American Notes