Friday, August 05, 2011

Uncertainty: A Correction But Not 2008/2009

This morning we sent out a client note covering the recent market action in light of the market's volatility. Much of the recent discussion has centered around the U.S. economy falling into a “double dip” recession. A recent JP Morgan strategy comment to investors noted the following:
“Historically, US recessions were about over expansion (consumer or business) followed by a contraction of liquidity-businesses/consumers have strong balance sheets and while the US bank system is extremely well capitalized today, it is hard to imagine the right impulse exists to create a recession.”
Our market comment titled, Uncertainty: A Correction but not 2008/2009, can be read by clicking the comment title link.

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