PIMCO's Andrew Jessop sees opportunities with European and health-care high-yield bonds but also warns of likely lower returns beginning in 2013 given the recent runup.
We're only asking for more concrete steps in Europe, a stable tax regime here at home, productive corporate cash deployment, more jobs, and mild inflation.
Any deal to avert the fiscal cliff will modestly hit the economy, but legislators won't allow the worst-case scenario--and subsequent recession--to happen, says Northern Trust chief economist Carl Tannenbaum.
Consumer facing companies definitely will struggle, says the Wasatch Funds president, but export oriented firms probably will do better than they have been due to a weak euro.
In an intensely personal piece, Mohamed El-Erian vividly recalls the political unrest and all-out war that marked his childhood in Egypt in order to make a larger point about anxiety in Europe.
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