2011: A Dynamically Complex World
Usually the third year of a US President’s term is a relatively tranquil and certain one. The economy is in expansion mode and financial assets are on the rise. Yet, 2011 promises to be anything but tranquil or certain.
Investors are trying hard to make sense of a complex and dynamic set of circumstances where developed economies (US, Europe, and Japan) are experiencing below potential growth and extremely low inflation at the same time emerging economies are trying to cope with economic and inflationary overheating.
In the US, the Federal Reserve Bank has stepped into the economic breach and is attempting to enable the economy to achieve an escape velocity from governmental support (and thereby avoid a Japan style deflationary trap) by providing more governmental support in the form of quantitative easing. In the process, the US Fed’s monetary actions have raised concerns among virtually all countries – high and low growth – with threats of capital controls and currency wars. At the same time, fiscal policy is in retreat (federal, state, and local) made all the more rigid by the midterm election outcomes.
Despite the complexity, US corporations are back to record earnings levels by taking advantage of global growth opportunities and improved resource management. And so are many of the world’s stock markets.
On January 19, 2011, we will gather a group of experts to help sort out these and other important issues at the CFA Society of South Florida's Annual “Market Forecast” dinner.
Don't miss this once yearly, in-depth opportunity to hear and interact with some of the best minds on Wall Street and with many leading South Florida financial professionals!
Seating is Limited - Register early for this exciting lineup!
Register and pay today to ensure your spot! Or, buy a whole table ($500, seats 10) and bring your clients/co-workers! Reservations for preferred table seating include:
Programs@CFASouthFlorida.org to reserve your table today! Seating is Limited - Register early for this exciting lineup!
Earn 1 Hour of PD Credit For This Event!