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Yahoo! Morgan Stanley - Global Economic Forum Top Economic Reports March 05, 2014 By The Global Economics Team | ​Asia Pacific Economics: Asia Insight: Asia’s Debt Indulgence: AXJ’s leverage levels have picked up sharply over the past six years... US Economics: Making Cents: A Minimum Wage Brief: As the debate over the minimum wage drags on in DC, we outline the key economic issues at play. Sunday Start: What Next in the Global Economy (February 23, 2014): While each EM economy is different, South Africa shares some common features with other members of what we call the ‘double deficit club’, which also includes Brazil, Turkey, India, Indonesia and Ukraine. US Economics: Business Conditions: Weathered by Winter: The February MSBCI fell 9 points to 43% as severe winter weather weighs on growth expectations. Important Disclosure Information at the end of this Forum Disclosure Section The information and opinions in Morgan Stanley Research were prepared by Morgan Stanley & Co. Global Research Conflict Management Policy

Thomas R. Bales, DDS Orthodontist Novato and Santa Rosa, CA