Yup,… Still Walking in A Winner Wonderland
Interesting to see Duetsche Bank attempting to quantify a new economic dimension. They also identify the construct of the two U.S. economies, Wall Street and Main Street, and present the following forward analysis:
[…] “This policy will be successful in moving the U.S. economy away from low-growth secular stagnation towards significantly more buoyant performance. We would not be taken by surprise by a doubling of the growth rate of real GDP in the U.S. over the next two years, nor by a further significant move up of equity valuations and a material further appreciation of the dollar.”
~ David Folkerts-Landau, Chief Economist, Deutsche Bank

Interestingly, heck, surprisingly, the Deutsche Bank analysis rebukes several years of global economic advocacy and theory. “This approach should produce a new order that will ultimately be more stable in the sense that ‘good fences make good neighbors,'” Folkers-Landau said. (more…)






