Rothschild Examines 2014 Opportunities With Skepticism

In their January 2014 Market Perspective publication, Rothschild Wealth Management noted that on the surface the global economy appears to be recovering, but did so with important caveats. “Improving economic data suggests the global economy continues to recover, which is pushing analysts to increase their estimates for company profits,” the Rothschild report said, noting that Federal Reserve stimulus might be propping up the economy, which has limited usefulness. “Broadly accommodative central bank monetary policies provide additional support. However, this situation indicates that the business cycle is entering a later phase. If the economy is improving then interest rates and inflation are…