The global financial markets and economy have been unable to return to steady growth following the financial crisis that began in 2008. This has not been without occasional bouts of optimism, where momentum builds as market participants embrace a growing expectation of reaching a critical escape velocity. However, these sentimental boosts have been fleeting. While each round has been distinct, it is worthwhile to note that the cycles are eerily similar.
In his July market report, Brad McMillan, chief investment officer for Commonwealth Financial Network LLP, says the housing market has the potential to provide the beleaguered U.S. economy with a "real chance for an outside surprise."
There are at least three channels through which Greece's troubles could spread throughout the Euro Zone; and the difficulties in Europe would likely have a substantial impact on the U.S. and global economies.
Morgan Stanley Smith Barney's chief investment strategist remains optimistic about America's future, citing the country's ability to innovate.
