We believe this configuration has lasted so long it may be having a beguiling effect on the market. And with no obvious catalyst for a reappearance of volatility, the obvious risk is that investors take this stability for granted.
We believe this configuration has lasted so long it may be having a beguiling effect on the market. And with no obvious catalyst for a reappearance of volatility, the obvious risk is that investors take this stability for granted.
Risk of brain-drain and lost business dissipates now that leadership and succession issues are resolved.
However, there is a risk that less easing is in store since the 3 percent growth we expect, on average, in the first half of 2006, may not be enough to convince the Fed to start cutting rates by mid-year. Thus there is a risk that the yield curve remains inverted for longer than we have built into our forecast.
© 2020 Inspirational Stories
© 2020 Inspirational Stories