Sunday 16, February 2014 by Suneil Mahindru

2014 Global Equity Outlook: Awakening Animal Spirits

The “animal spirits”—Keynes’ term for the confidence and willingness to invest that are essential for economic growth—have been in hibernation since the 2008 financial crisis. Global equities have more than doubled from their March 2009 low on the expectation that economic and earnings growth would improve.

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