Money manager ClearBridge Investments' December commentary explains their view that many things remain out of balance in today's economy and are therefore unsustainable. Over time, many of these things should adapt to a more sustainable state.
"More than five years after the global financial crisis, investors continue to grapple with volatile capital markets, political and social instability in many key regions of the globe, and lackluster economic growth. Interwoven with these challenges are numerous unsustainable conditions that have kept the global economy from achieving full recovery. From our semi-optimistic perspective, the environment is improving, the result of market forces that are attempting to reconnect society and the global economy, while replacing artificial distortions with real, sustainable economic factors."
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