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Always great stuff. Thank you.
I'm concerned about the impact fracking is having on the environment vs. short term economics; many long term (i.e., 30-50 year) economic forecast go out the window with CO2 issues. Will be an interesting but probably not comfortable period as the world adjusts.
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Fritz, tactical asset allocators need your economic data to tell when to alter the client's asset allocation. MPT and rebalance is not enough if you want to retain clinets over the long term -- portfolio volatility is too high. Clients want you to protect them from the downside.
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