“Sleepwalking Toward a Precipice” – Our Observations and Outlook – Part II

Our latest outlook series details structural (i.e., long term) problems in the world’s largest economies that were “unmasked” by the credit crisis and Great Recession. This year’s multi-part discussion seeks to look beyond debt and deleveraging (see last year’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 our Sleepwalking Toward a Precipice series focused on structural issues in the United States.

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

In an upcoming final installment, we discuss our investing approach given the “double-wide” possibilities for global growth and markets over the next decade. We hope you enjoy and please email or call with any questions.

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

Sleepwalking Toward a Precipice, Part II

Sleepwalking Toward a Precipice, Part II

What we will cover

What we will cover

Euro Zone: the failed experiment

Euro Zone: the failed experiment

Euro Zone:

Euro Zone: "the change bank, that's what we do"

Euro Zone:

Euro Zone: "moles follow the gold"

Euro Zone: straightjackets, walks, & transmissions

Euro Zone: straightjackets, walks, & transmissions

China:

China: "what in the whirl?"

China:

China: "middling kingdom of growth"

China:

China: "the orient of debt"

China: an 800 lb panda named

China: an 800 lb panda named "Status Quo"

Unknowns:

Unknowns: "white pigeons & black swans"

Unknowns:

Unknowns: "white pigeons & black swans"

Central Bank Rule:

Central Bank Rule: "one big monetary experiment"

To Recap...

To Recap...

Sources Part 2

Sources Part 2

Sleepwalking Toward a Precipice, Part II thumbnailWhat we will cover thumbnailEuro Zone: the failed experiment thumbnailEuro Zone:  Euro Zone: Euro Zone: straightjackets, walks, & transmissions thumbnail
China: China: China: China: an 800 lb panda named Unknowns: Unknowns:
Central Bank Rule: To Recap... thumbnailSources Part 2 thumbnail