Last night in an event at the Belo Mansion in Dallas, Texas, several speakers as mentioned earlier, were present to give their views on the economic and capital market situation.
As current president of the CFA Dallas-Fort Worth Society, I want to especially thank all the speakers for their time, as well as the guests. The weather has been less than favorable throughout the country, and has made distant travel challenging.
A brief summary of their collective thoughts are as follows:
- Higher Debt and deleveraging of the consumer (domestically and world wide) will lead to slower growth
- The very short term: one year to eighteen months looks pretty positive
- Longer term higher chance of inflation, but the Fed’s current dominant concern is deflation at this time
- Diversification and slection pays off from a global, asset class, and specific investment allocation
In honor of our speakers requests to be sensitive to public comments, I will leave the summary at this. Interestingly, if you have been reading our Newsletters and posts over the last year, our views are very similar to the guest speakers.
Have a Great Day!
JK