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 "However much cash the government showers on the economy, there will be no net increase in capital investment. By writing a check the federal government does not create a single dollar of new resources." Economy Watch – 4/21 |
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~ R. David Ranson, President and Director of Research HCWE & Co. |
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 Strategic Asset Selector |
| How a permanent portfolio could have weathered the pandemic |
| A "permanent portfolio" is an embodiment of the virtues of diversification, designed to insure investors against the volatility of markets. Such a portfolio would have produced a 14% return in 2020 with a drawdown of only 2%. |
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Economy Watch |
| Caution: not all saving translates into investment |
| However much cash the government showers on the economy, there will be no net increase in capital investment. By writing a check the federal government does not create a single dollar of new resources. |
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Fixed-Income Barometer |
| "Market forecasts" for the coming twelve months as of May 1, 2021 |
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International Barometer |
| "Market forecasts" for the coming twelve months as of May 1, 2021 |
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Synopsis |
| Briefing Points on the Global Market Outlook, April 2021 |
| The election triggered a drastic change in the direction of federal economic policies desired by the incoming administration. But since the congressional result was such a close thing, a deepened gridlock situation is a likely possibility. |
