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A Presentation for the Benefit of…
ByThe Curry Team
April 8, 2014
JP Morgan Securities LLC.
Agenda Statement
Brief Economic Overview
How Are YOUR Investments situated in light of this overview?
The Curry Team
Economic Overview
The Federal Reserve- Ben Bernanke
Janet Yellen.
Response?
Ramifications?
These Areas are Affected
Interest Rates
Currency Values
Fiscal Policy
$ GDP
Sequence of Events
Interest Rates
• US• Europe• China• Japan
Currency Value
• US• Europe• China• Japan
GDP (The Economy)
• US• Europe• China• Japan
Your Assets
• Globally Diversified
• Tactically Positioned
• = Optimal Risk/Reward Ratio
US
2011 2012 2013 2014
Inter-est Rates
0.0245 0.0215 0.0235 0.0315
The Dollar
0.0250000000000001
0.0200000000000001
0.0225000000000001
0.0300000000000001
Ex-ports
0.024 0.034 0.0200000000000001
0.015
Im-ports
0.0260000000000001
0.0210000000000001
0.023 0.0310000000000001
0.25%
1.25%
2.25%
3.25%
Un
its o
f V
alu
e
The Euro
2011 2012 2013 2014
Interest Rates 0.025 0.016 0.02 0.01
The Euro 0.043 0.025 0.024 0.02
Exports 0.0215 0.05 0.051 0.056
Imports 0.044 0.026 0.023 0.019
0.50%
1.50%
2.50%
3.50%
4.50%
5.50%
Un
its o
f V
alu
e
The Yuan (China)
2011 2012 2013 2014
Interest Rates 0.041 0.034 0.034 0.043
The Yuan 0.043 0.025 0.025 0.045
Exports 0.025 0.045 0.045 0.025
Imports 0.045 0.026 0.026 0.043
0.25%
1.25%
2.25%
3.25%
4.25%
Un
its o
f V
alu
e
The Yen (Japan)
2011 2012 2013 2014
Interest Rates
0.015 0.01 0.00750000000000001
0.01
The Yen 0.011 0.00800000000000002
0.00600000000000001
0.00500000000000001
Exports 0.04 0.05 0.06 0.07
Imports 0.026 0.0175 0.01 0.00500000000000001
0.50%
2.50%
4.50%
6.50%
Un
its o
f V
alu
e
US Fiscal Policy
National Deficit- A looming Problem? Perhaps…
Solutions? Yes! Reduce spending that has a poor ROI.
Taxes on the Rise? Probably so.
Current Allocation of All Assets
7%7%
11%
1%
8%
28%
18%
20%
Sales
US Large Cap Growth
US Large Cap Core
US Large Cap Value
US Mid Cap Core
US Small Cap Core
EAFE Equity
Emerging Markets Equity
Opportunistic
Developed-Non US Equity
High Yield Fixed Income
Cash/Cash equivalents
Emerging Markets debt
Core Fixed Income
Risk Assessment Recommended Allocation
37.00%
5.00%
4.00%5.00%8.00%
16.00%
5.00%
2.00%
3.00%
15.00%
Sales US Large Cap Core
US Mid Cap Core
US Small Cap Core
REITS
Emerging Markets Equity
Developed Non US Equity
High Yield Fixed Income
Cash
Emerging Markets Debt
Core Fixed Income
What Should you Do?
Asses Risk- Re-answer questionnaire and apply it to all assets.
Reallocate- become consistent with risk assessment
