As I noted, a moderate cyclical recovery characterizes the last several quarters in the United States. But while the recovery is proceeding, investors remain uncertain about its trajectory. Financial market participants are still searching – perhaps better characterized as lurching – for a new equilibrium.
Our region in particular will need to create more jobs in the future, due to relatively young population. 3) Domestic Debt Market: The development of a domestic debt market is, in my view, of a national priority. Companies, particularly large private companies and GREs, need an alternative to bank lending.