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Less Defense?

We believe defense spending, after a rebound in the first quarter of 2013 on the heels of the big drop in the fourth quarter of 2012, is likely to be flat in 2013. If Congress can agree to substantial cuts in defense spending as part of an overall budget deal (an...

The Path of Least Resistance

In 2013, many different forces will combine to influence the direction of the markets to follow the path of least resistance leading to modest single-digit returns in the U.S. stock and bond markets.* Click here to learn more.

QE Forever

QE Forever Weekly Economic Commentary September 17, 2012