Chris Parr was invited to speak to an engaged and inquisitive group at Columbia’s Vantage House on the impact of Brexit and the global outlook for interest rates and the stock market. One of the key points he made was that stock market values in the U.S. are inflated relative to economic value and that it may be a good time to invest outside of the U.S. in spite of the challenges facing Central Banks globally.
Christopher P. Parr, when interviewed by Baltimore Sun columnist Eileen Ambrose on whether Wall Street ignoring political drama in Washington is the new norm, said “Wall Street has gotten ahead of the game.”
“Sure, there are positive signs, Parr said, but the economy’s annual growth rate will be cut by at least half a percentage point once the sequester cuts are in force. That’s significant, given the current modest growth rate,” he said.
“I’m more worried about: Is this the time to dump fresh money into the market?”