15 Jul Year of the U.S. Growth Locomotive
Second Quarter Commentary – 2015:
The first half of 2015 carried a full year’s worth of financial news. We entered the year with a crisis brewing in Russia and ended the first six months with one bubbling over in debt-strapped Greece and another erupting in China’s frothy stock markets. In between those events we absorbed disappointing economic news out of Canada, which likely dipped into recession.