Wednesday July 14th, the Federal Reserve updated their economic outlook. Their opinion, based on the data at hand, is that we will not see normal economic growth for 5-6 years.
Some members are concerned about deflation, while most see subdued inflation for the forseeable future. The main culprits for this less than exciting outlook are the lackluster housing market, depressed employment figures, and regulatory uncertainty.
These latest Fed comments have me convinced that investors will need to continue to look at companies that derive most or all of their revenues from growth overseas. This is a widely discussed and accepted idea, but one that makes sense.
