The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( BBH FX Strategy) -- The world looks quite a bit different here at the end of the first quarter than it did at the end of last year. The combination of stronger U.S. growth and the aggressive liquidity provisions by the European Central Bank has effectively pushed the global economy away from the abyss it was facing at the end of 2011.
Second-Quarter Outlook: Tail Risk Reduced, Crisis Remains
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