Opening Statement from April 2014 Intelligent Investor (Part 1)

Opening Statement from April 2014 Intelligent Investor (Part 1)
First published on April 2, 2014 for subscribers to the Intelligent Investor

Over the past couple of months we have highlighted relative improvements in the US economy. We have even seen some modest improvements from the EU, but this region continues to face numerous challenges.

Although we have seen some newer data reflecting weaker than expected activity in the US economy, this has not surprised us because we had previously factored in excessive optimism into official economic data and forward-looking forecasts.