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by Van R. Hoisington, Hoisington Asset Management
– this post authored by Van R. Hoisington and Lacy Hunt
A Weak Finish to a Disappointing Year
The economy was supposed to fire on all cylinders in 2015. Sufficient time had passed for the often-mentioned lags in monetary and fiscal policy to finally work their way through the system according to many pundits inside and outside the Fed.