Recovery: Long Way to Go

An earlier post Today’s Economic Backdrop for Investing discussed the framework for investing. Value investors are bottom up investors and contrarian in nature. So, top down macroeconomic forecasts don’t carry a lot of weight (the so called risk-on, risk-off) approach to investing. The premise; forecasting macroeconomics is hazardous (if not impossible) but we can’t ignore reality. We are going through a […]