Ed Hyman of ISI Group has been voted Wall Street's top economist for thirty straight years. In an interview with Consuelo Mack on WealthTrack, Ed and Francois provide their firm's view on both the global and U.S. economy in 2010 and 2011. A couple of takeaways from the interview:
- 2009 was the year of the beta trade. In 2010 the focus will be on companies that generate free cash flow and pay dividends.
- anticipate upside surprise for companies with exposure to southeast Asia economies.
- Francois believes a contrarian view could be rates actually fall in 2010. On a percentage basis, interest rates have risen as much as the equity markets have moved higher.