THE NATIONAL ECONOMY AT A GLANCE
Despite very positive U.S. jobs report in April there is growing concern that the recovery is in a stall.
Persistently sluggish economies in Europe and the U.S. have confounded central bankers and surprised investors.
The environment continues to be characterized by extreme thirst for income in a yield-starved world.
Both debt and equity markets remain highly liquid and competitive, as CRE continues to offer attractive yield to income-oriented investors.
Policy makers in U.S., EU and China concerned about slowing growth
Despite a very positive U.S. jobs report, there is a growing concern that the recovery is in a stall. Investors have responded by fleeing to the relative safety of bonds, causing interest rates to fall—exactly opposite of what many pundits had predicted for 2014. A 3% growth rate now appears to be unduly optimistic.
Barring an exogenous shock, the underlying strength of the U.S. economy should power through these issues and generate continued economic growth. However, this will likely continue at the tepid pace of 2.0%, the hallmark of this 5-year recovery.
The cost to produce a new webserver that can fit on a finger, enabling everyday objects to connect to the internet
Percentage major banks now offering mobile deposits, compared to 20% in 2011
Price of Google Glass Beta, digital display glasses that interact with smartphones, tablets and computers
Spreads have also gotten very thin on risky securities, such as junk bonds.
Contributing Editor, Development Magazine