Macro is Better for Now; Internet Employment Accounts for 2% of Economic Output; Purchases-Sales of U.S. Assets Plummet

MWF (Monday) Briefing:

• "Investors looking for love potions or successful investment strategies in this new normal economy dominated by deleveraging and reregulation must focus on some very macro-oriented ingredients as opposed to typical news-dominated minutiae. " Pimco August 2009 Investment Outlook.

• Internet employment accounts for 2% of U.S. economic output.  Research Recap

• Cumulative 12-nonth net purchases-sales of U.S. assets continue to plummet. The Big Picture

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