Unknown Unknowns Are Holding Back Today’s EconomyCIO Vantage PointSeptember 20, 2013 Posted by Joe Morgan, CFA Read More0 Comments
Five years into the greatest economic underperformance since the Great Depression has left many asking: Why is this time different? There is much data describing how it is different, but the answer to the "why" question cannot be found there. Instead, it is a higher level of "uncertainty" that is forcing consumers and business to retain a greater cushion in the form of higher cash balances, smaller workforces, and tentative expansion plans.
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