Macro

Building a Better Base Case for Fixed Income in 2013

"Building a Better Base Case for Fixed Income in 2013"
Abstract:
Report by Richard Oswald of JPMorgan Funds

"We begin the year with greater conviction in our macro base case, a muddle-through recovery. While prospects for breakout GDP growth have not appreciably improved, the threat of a global economic crisis has receded, thanks to coordinated central bank liquidity support and a rebound in the emerging markets.