International money manager Wenthworth Hauser's fall investment commentary focuses on the international equity markets and economies. "The global economy is slowing due to a deepening recession in Europe, tepid U.S. growth and slower growth in several developing economies including China. The developed countries of the world are battling large budget deficits and expanding sovereign debt. Unless the legislative and executive branches of government in the U.S. take action, a combination of spending cuts and tax increases effective at the beginning of 2013 will likely send the domestic economy into a downturn. On a more positive note, corporate profits are near a record level, corporate balances sheets are strong and consumers are repairing their balance sheets. Central banks around the world are flooding the system with liquidity which should help support asset prices and defer sovereign default and deflation."
