Opening Statement from the February 2015 CCPM Forecaster

Opening Statement from the February 2015 CCPM Forecaster

First published on February 1, 2015 for subscribers to the CCPM Forecaster

Over the past several months economic headwinds from around the world have materialized largely as we had anticipated.

Today, investor trepidation continues to mount as many are just now beginning to realize that Europe will have no recovery anytime soon. We continue to see further weakening in Europe, Latin America, South Africa, Russia, Australia, Canada, many parts of Asia including the Japan which is now officially in a recession.

Even without a global recession, we have now raised the odds to