By Peter Goetz, fund manager at US Large Cap Portfolio Manager for Dresdner RCM Global Investors ...
By Peter Goetz, fund manager at US Large Cap Portfolio Manager for Dresdner RCM Global Investors Although still positive, recent economic data points to a deceleration in economic activity from the first quarter's robust pace, as well as a lack of follow through from the turn in the inventory cycle. The Federal Reserve alluded to just such a scenario in the FOMC comments from last March's meeting when describing the unfolding recovery. However, investors appear to be giving more credence to the risk that final demand might not materialise as soon as was hoped. This view wa...
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