August’s publication summarizes two articles, which have different takes on the investment outlook. The first discusses the downside risks for investors that are created by the recent weakening in economic data. The second examines how recent market turmoil could provide investors with attractive long-term opportunities, given positives such as lower commodity costs and higher corporate profits.

•  “A Less Friendly World: Cutting Our Global Forecasts” by Jan Hatzius and Dominic Wilson, Goldman Sachs, August 5, 2011
• “Take a Deep Breath” by Martin Barnes, BCA Research, August 12, 2011