Strategy and Economics

3 Global Strategy & Economics Roundups

5 GEMS Equity Strategy Emerging Market

7 US Credit Strategy Three Short Stories

9 US Economics Testing Time for the Fed

11 Europe Equity Strategy

13 China Economics Impact of High Oil Prices:

Facts and Ready Reckoners

Qing Wang

15 India Strategy Will Indian Equities Decouple?

Ridham Desai, Sheela Rathi

17 Currencies

Industry Analysis

21 US Freight Transportation Rails May Be a

Safer Place in This Freight Recession

William J. Greene, Adam Longson

23 US Specialty Finance Long MA, Short AXP ―

A Strategy Levered to Payments Pricing That

Hedges US Consumer Risk

Kenneth A. Posner, Charles Murphy

25 US Systems and PC Hardware Positioning

for a Slower Growth Environment: HPQ to

Overweight, ISLN Lowered to Equal-weight-V

Kathryn Huberty, Alice Hur, Scott Schmitz

27 Europe Autos & Auto Parts The ‘R’ Word

Adam Jonas, David Cramer