January 2014 Intelligent Investor Opening Statement (Part 1)

Originally published on January 5, 2014 in the January 2014 Intelligent Investor

Although the European Union continues to gravitate towards a deflationary environment, there have been modest improvements made in recent weeks. In brief, both consumer and investor sentiment have improved which has been reflected in the credit and equities markets, respectively. However, the region’s chronically high unemployment rate remains of key concern.