Morningstar published the Quarterly Economic Commentary (as of Oct 2015).
Key Takeaways
- Risk of global recession is rising, and the main problem is EM debt.
- It's time to start thinking that long-term interest rates might not normalize this cycle.
- Corporate profits and sales are key to U.S. outlook.
- Eurozone is performing better--by eurozone standards.
- Japan's policies are failing to lift inflation, and missing the main point.
- We have too much uncertainty, not bad news, about China's economy and financial sector.
- Pessimism over EMs might be overdone. Be discerning.
You can click here to read the full report.
