Mark Vitner of Wells Fargo Securities and Steven Ricchiuto of Mizuho Securities discuss the outlook for the US economy and whether or not this soft patch will be sustained. Ricchiuto believes there are still enormous structural headwinds in the US economy. Although he doesn’t explicitly say so, he makes an argument very similar to the balance sheet recession theory. Vitner, on the other hand, says we are in a sustained recovery driven by the private sector. Vitner believes the second half rebound has already begun.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.