A New World is Evolving
Deflationary forces are quiet and deep. Consumer balance sheets for those under the $ 100,000 median are stagnant with borrowing taking up the slack. Cheap gas will help. We are living in a world where more is being spent on communications than food, what does that say for our health?
The performance numbers for our two portfolios and the market are updated here for you. We should be getting to a point where one of the scenarios starts pulling away from the others. The makeup for the portfolios was described in general on January 15th.