ClearBridge's John Goode discusses multiple issues of current importance for the economy and financial markets
- In our opinion, there is plenty of cash on the sidelines to support a major stock market advance from here, but solutions-based legislation is needed to increase investor confidence and improve the rate of growth
- The experience of the Nordic countries over the past twenty years could become a model for developed countries with high debt and unsustainable levels of government spending
- We believe 2013 potentially will witness some important inflection points which could include rising interest rates, somewhat higher inflation and the flow of funds from cash and bonds into common stocks