Description

"Are We (Half Way) There Yet?" - A look at the stimulus paved road to recovery. - Q3 2009

the Investment Compass - Quarterly Market Commentary produced by Pacifica Partners Capital Mangement.

Summary:

Economic Stimulus still remains a crucial element to ensuring the sustainability of the economic recovery.

Inflation isn’t proving to be an immediate concern as deflationary pressures remain stubborn.

A Jobless Recovery appears to be on the horizon as the economy strengthens.

Corporate Earnings are the key - the big question is if earnings can meet the optimistic outlook that has been priced into the equity markets.