December 2011 Commentary
The past few months have been marked with significant economic, political, and market uncertainty. Policy paralysis in the U.S. continued as the “super committee” failed to make any meaningful progress on deficit reduction. Capital markets in Europe have forced euro zone members to consider serious changes in the fundamental construction of the European Union. As the spotlight shifted from problems in one country to the next, the market responded with a series of declines and recoveries as each problem was resolved or delayed. Unfortunately, few were resolved and most were delayed, causing capital markets to signal that continued delays will no longer be tolerated.
Download December 2011 Commentary
Read past issues of Outlook & Commentary