TOXIC LOANS AROUND THE WORLD WEIGH ON GLOBAL GROWTH – NYT ARTICLE
I thought I’d forward an article in yesterday’s New York Times that concisely describes what has been our chief concern for quite some time. I’d feel remiss not to forward this—the article nails it.
The global debt problem is not cause for panic or abandoning their long term investment program. But risks have risen. We feel it is a good time to be careful, look to preserve capital, and anticipate future opportunities (they could come soon). Some parts of the market have become increasingly compelling.