I have been consistently reading views that the growth estimates for the US over the next few years have been understated

James Marlay

Livewire Markets

I have been consistently reading views that the growth estimates for the US over the next few years have been understated. One of the main drivers of anticipated growth is the piles of cash that are sitting on corporate balance sheets waiting to be deployed. This commentary has been lingering for some time yet the pace of expenditure has yet to pick up dramatically. One reason for this has been that businesses have been waiting for tapering to flow through, this gives them a chance to assess any negative impacts before deploying capital. It would seem to me that markets are now relatively comfortable with the concept and process of tapering. Russ Koesterich from BlackRock has put together four reasons why he expects businesses to slowly start deploying capital. These include an expectation that rates will normalise, improving consumer confidence and better than expected growth. An interesting read here: (VIEW LINK)


James Marlay
Co Founder
Livewire Markets

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