February 8, 2013 - In investing, every silver lining has a cloud. Almost all good news can be spun as bad news, and vice versa. The economy’s booming? Watch out for inflation and higher interest rates. The market crashed? What a buying opportunity!
The big question in Cleveland these days may be how to deal with the rowdy mobs of Hall & Oates fans sure to swarm the Rock and Roll Hall of Fame, but that wasn’t the main concern of Ed Yardeni’s clients in the Ohio city.
Congress is ending what may be its least productive year on record after government shutdown threats, the collapse of debt-reduction talks and little action to fix the worst U.S. economy since the Great Depression.
The global economic recovery now gathering pace is deepening income inequalities in both advanced and emerging nations, threatening to undermine policy makers’ efforts to repair their finances and fix currency misalignments.