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Robert Roach
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Robert G. Roach is an executive with AmericaFirst Capital Management, LLC., an investment manager that manages a family of quantitative mutual funds focused on income, defensive growth, absolute return, quantitative trends and long/short investment strategies. The funds utilize data driven,... More
My company:
AmericaFirst Capital Management, LLC
My blog:
AmericaFirst Funds
  • Insights from Morningstar's Research Director at the Morningstar Conference this week 1 comment
    Jun 23, 2010 4:03 PM
    • U-6 unemployment rate is key measure to follow (unemployed and underemployed).  Rate is currently 17%.  Employers more likely to to use temp workers to fills job needs as uncertainty lingers.

    • Deleveraging will take a while to work through
    • Demand for credit is weak
    • Net private credit creation has been weak for the past 5 quarters

    • Washington balance sheet is a mess
    • What's being discussed in Washington is not the problem and the problem is not being discussed!
    • Defense spending and entitlements represent over 75% of the Federal busget, yet nobody is discussing measure to deal with this

    • Valuation is not compelling in most markets.
    • 40% of S&P 500 earnings come from non-US sources (earnings growth does not necessarily mean improved economic situation at home)

    • Demographically, in 30 years China will look like Japan today with an aging population dependent upon a smaller productive work force
    • Population will get old before they get rich!

    • US long-term Treasuries = Return Free Risk!



    Disclosure: No Positions
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  • Chiseman
    , contributor
    Comments (3) | Send Message
     
    That's an interesting comment about China's demographics that I have not seen anywhere else. Thanks.
    23 Jun 2010, 04:15 PM Reply Like
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