“Sleepwalking Toward a Precipice” – Our Observations & Outlook – Part III (Conclusion)

“Sleepwalking Toward a Precipice”: Our Observations and Outlook, Part 3 rounds out our Sleepwalking series for 2012.

This year’s multi-part discussion looks beyond debt and deleveraging (see 2011′s “The Age of Deleveraging”: Our Observations and Outlook), to assess the myriad influencers of growth, and thus market prospects going forward.

Part I of Sleepwalking Toward a Precipice focused on structural issues in the United States.

In Part II, we discussed structural problems in Europe and China, a variety of unknowns that could impact growth and markets going forward, and central bank rule.

In the final installment of the Sleepwalking series, we discuss secular bears, P/E compression, “accordion-shaped” markets, “renting reflation” and “essential essentials” as we lay out some of our recommendations.

We hope you enjoy and please email or call with any questions.

Click the image below to enlarge and view the entire presentation. 

cover

cover

introduction

introduction

secular bear

secular bear

rent don't buy

rent don't buy

welcome to tactical investing

welcome to tactical investing

essential essentials

essential essentials

sleepwaliking...

sleepwaliking...

cover thumbnailintroduction thumbnailsecular bear thumbnailrent don't buy thumbnailwelcome to tactical investing thumbnailessential essentials thumbnail
sleepwaliking... thumbnail

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