With QE now winding down, the economy facing reduced headwinds, and risk aversion beginning to decline, risk taking is beginning to increase and that is an essential ingredient for healthier economic growth.
Read More »A Sustainable Recovery Will Necessitate Higher Taxes, Higher Savings, Stronger Dollar, Lower Standard of Living
The final phase will be a time of higher savings and flight back to the U.S. dollar, i.e. more aversion to risk. It's also a period that begins the healing of economies and it's driven by austerity. This means higher taxes, higher savings, a stronger dollar and a lower standard of living. In short, it's a period of rebalancing and rebuilding. Words: 555
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