WEDGE Watch

	Equity	Fixed Income
2011 Q3	The Reckoning	A Productive Discussion
Q2	Future Shock and the Relentless March of Progress	Households Continue to Delever
Q1	Hidden in Plain Sight	Dollar Pallor?
2010 Q4	Trading Places and the Loser’s Curse	Whistling Past the Graveyard?
Q3	Manufacturing a Recovery	A Strong Signal
Q2	The Bloody Crossroads	Altered States
Q1	The Road to Perdition?	Crowding Out and Crowding In?
2009 Q4	A Self-Fulfilling Prophecy?	Local News
Q3	Field of Dreams	A Question of Balance
Q2	What, Me Worry?	Yield Curve Signaling Recovery?
Q1	Keeping the Faith	Deficit Attention Disorder
2008 Q4	Signal Fires - Letting Nature Take Its Course	World’s Largest Hedge Fund?
Q3	Behind the Curve	Junkyard Dogs?
Q2	A Good Lie?	Are We There Yet?
Q1	The Times They Are A-Changin’	Opportunity Knocks
2007 Q4	On the Kindness of Strangers	California Dreamin’
Q3	Blindsided	The Evolving Credit Cycle and Risk vs Reward
Q2	Turning Up the Heat?	Yield Curve U-Turn?
Q1	Adding Fuel to the Fire?	Liquidity: A Fluid Concept