{"id":968,"date":"2016-01-14T15:51:05","date_gmt":"2016-01-14T15:51:05","guid":{"rendered":"http:\/\/wdsinvest.com\/?page_id=968"},"modified":"2016-01-14T16:40:24","modified_gmt":"2016-01-14T16:40:24","slug":"2012-three-years-into-the-recovery","status":"publish","type":"page","link":"https:\/\/wdsinvest.com\/fr\/wds-resources\/quarterly-exchange\/2012-three-years-into-the-recovery\/","title":{"rendered":"2012: Three Years Into the Recovery"},"content":{"rendered":"
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March 2012<\/p>\n

In this edition\u2026<\/strong><\/h1>\n

2012: Three Years Into the Recovery<\/a><\/h1>\n

Tax time \u2013 will you be ready on April 30?<\/a><\/h1>\n

Ask & Answer: Return Terms: Why does my Investment Summary Report show three \"rates of return\"?<\/a><\/h1>\n

WDS Reads - Book Review: FIXING THE GAME: Bubbles, Crashes, and What Capitalism Can Learn from the NFL<\/a><\/h1>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>
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2012:<\/span>
Three years into the recovery <\/span><\/p>\n\n

recoveryre.cov.er.y (noun):<\/b> the return of something to a normal or improved state after a setback or loss.<\/em><\/p>\n\n

Three years into the recovery, the chart (below) shows Canada and U.S. markets regaining their former altitude. Although the current pattern is choppy (a so-called sideways market), the trend is definitely up. Despite two reversals along the way, the market is back to about 90 per cent of its pre-recession peak.<\/p>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div>

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In the first two months of 2012, stock markets continued to climb higher. U.S. economic data (employment, housing, and consumer spending) and lending conditions improved. Investor confidence grew, showing signs of faith that policymakers are capable of handling the restructuring challenges facing the euro zone.<\/p>\n\n

Still, in the aftermath of the financial crisis, economic activity is forecast to remain weak-but-positive in 2012 and 2013, at about half the economy\u2019s 4-5 per cent longer term potential. The recovery\u2019s slow pace is expected to keep inflation in check and interest rates low.<\/p>\n\n

The stock market is forward-looking, and should trend upward as the macro environment improves. Equities remain appealing relative to bonds at today\u2019s pricing. Getting back to normal requires more time, and patience. Momentum could again break down on unfolding political developments, like a Middle East oil shock.<\/p>\n
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RESULTS at a glance<\/h4>\n\n