IN THIS ISSUE

• Macro Strategy — Takeaways from Jackson Hole: The spotlight was on growing government debt.
  
• Market View — What U.S. Investors Should Know Before Investing Overseas: When it comes to Equity concentration among the major global indexes, the S&P 500 is among the least concentrated and most diversified in the world.
  
• Thought of the Week — A New World Order Won't Be Built by More BRICS: While the likelihood of new alliances could have the potential to strengthen the bloc, we see reasons for skepticism.