In an annual New York event, Prudential brings together some of its smartest leaders to help educate the press on its annual outlook for the markets and the economy.
The good-news consensus for 2013 at Tuesday's gathering? An improving worldwide economy, helped by higher housing prices in the U.S., a likely increase in corporate earnings, lower gas prices, the lack of a hard landing in China and sustained growth in many emerging markets, greater stabilization in Europe and continued actions by the world's central banks. "My guess is that the worst of the financial crisis is behind us," said speaker Ed Keon, managing director for Quantitative Management Associates.
The bad-news possibilities? Some drag on the U.S. economy from higher taxes, potentially disruptive elections in Italy and Germany, the increasing chance of inflation and continuation of "policy dysfunction" in Washington.
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James J. Green
Jamie Green is editor of Jamie Green Reports, an advisor-focused writing, editing and shepherding service. He can be reached at [email protected]. Jamie is former Group Editorial Director of the Investment Advisory Group at ALM Media, where he had overall editorial responsibility for ThinkAdvisor.com and Investment Advisor and Research on Wealth magazines, monthly print magazines that have served advisors of all kinds for more than 30 years. In more than 30 years of experience in print and electronic journalism, Jamie has been covering the investment advisory industry since 1999. In the 1990s he worked for nine years at The New York Times, where he was editor of TimesFax, an electronic version of the newspaper of record now known as TimesDigest. In the 1980s he was editor of Tele/Scope, a pioneering electronic news service based in New York, and was editor of Telecommunications Research, a monthly journal. He holds a bachelor's degree in philosophy from St. Hyacinth College in Granby, Massachusetts, and studied theology on the graduate level at St. Anthony-on-the-Hudson, Rensselaer, New York.
