The US economy will continue to see challenges until unemployment improves, according to Cavendish's Tim Roberts, who says he still cannot rule out a double-dip recession.
During our meetings with clients and prospects in mid-June, we expressed the view that the spring market correction - driven mainly by global macro concerns - would shift to a more positive tone as the US earnings reporting season for the second quarter...
When Lehman collapsed money markets froze, businesses went bust, interest rates were slashed and quantitative easing was implemented on a massive scale.