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Vanguard: Economic And Market Outlook for 2018: Rising Risks To The Status Quo
FYI: Strong market returns and low financial volatility underscore investors’ conviction that the current global environment of modest growth and tepid inflation is here to stay. We agree with this long-term economic prognosis but argue that the chances of a short-term cyclical rebound are underappreciated. So the risks lie in mistaking persistent trends for the 2018 cycle. Regards, Ted https://pressroom.vanguard.com/nonindexed/Research-Vanguard-Market-And-Economic-Overview-120417.pdf
