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Brad McMillan

 
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  • The Stock Market In 2014 [View article]
    Would not be surprised at all to see a pullback to that level at some point in 2014. Current pricing has a lot of positives already, and even normalizing some of them would justify it, even as the real economy's continued improvement should keep it from being too bad.
    Dec 10 11:21 AM | 1 Like Like |Link to Comment
  • Chinese Currency Hits A Milestone [View article]
    HI Bean Counter,

    Any shift to internal consumption will probably result in increased imports of raw materials - energy in particular - as well as increased imports of consumer goods. A rise in average incomes, and a restructuring of social support systems - health care and social security - should also increase the demand for both. At the same time, China's exports will necessarily decrease as a part of GDP as well as for demographic and value chain reasons.

    The net result should be a gradual weakening of the yuan over time, with the key word being gradual. We have seen the same trend in the US as we became the major world importer - and this is the trend which may partially reverse with the US energy boom and manufacturing renaissance.

    Thanks for the question!
    Dec 5 10:37 AM | Likes Like |Link to Comment
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