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Friday's gloomy reports show the world economic outlook to be in dire straits. As U.S....
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Friday, June 1, 2012, 7:24 PM ETFriday's gloomy reports show the world economic outlook to be in dire straits. As U.S. employment growth slows sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise, the calls are going to grow for another round of stimulus from the Fed. Whether or not it wants to step in to catch that falling knife, however, is anyone's guess.
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I'm not sure if it will be next month or next decade, but there's a lot of unpleasant changes coming.
;-)
W. Bush.
Most of those who lost their jobs in '08 were never re-hired. Obama paid them to stay home instead. So now, they can't be laid off. Great strategy, Barry.
Every week it seems the world is ending.
Every week it seems governments want to spend even more money to prop up everything.
We have it exactly backwards. Less government spending. Less bureaucracy. More Freedom.
Then you'll see economic growth - real growth - from making things and productivity and innovation - not the cheap "high" from borrowing from the crack dealer for another hit!!!
" The traditional definition of a recession is two consecutive quarters of a shrinking gross domestic product (http://bit.ly/rxmtrP). "
From the Economist:
"The world’s economic growth continued to slow in the final quarter of 2011, according to The Economist’s measure of global GDP, based on 52 countries. Year-on-year growth fell by just under one percentage point to 2.5%."
From the IMF:
"The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere. Financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated. Global output is projected to expand by 3¼ percent in 2012 ."
So the 2012 world GDP will be around $72 trillion dollars. Neither the US or the world appear to be in a recession at this time, so what's with the dire straits?
Not.
The more the dollar falls, the less you own by definition. The sacrifice of the dollar for the sake of the banks' bad loans is stealth-inflation.
No more QE. Raise interest rates. Let's begin the recovery with the necessary first step: recognizing our debt. Second step: destroying the bad with higher cost of borrowing. No economic growth comes unless we dry out the world of too much cheap money. We are in the biblical Flood because of interest rates held too low for too long.
1. Gas is not as cheap as it should be based on refinery capacity, crude supply. Increase the margins on oil with immediate effect to ward off a hedging response and restrict trading to only parties intending to take delivery.
2. Good for you on having a ton of work. Get out of your cocoon. Clearly not the case for everyone based on yesterday's jobs report.
3. Who cares what mortgage rates are when the vast MAJORITY of borrowers cannot qualify on credit score or required down payment. Never mind the surplus inventory and how many homes are upside down. Your comment is absurd the housing is "affordable" now? By standards of "buy now and take an immediate loss". Nuts.
4. Congratulations on your new nook. Consumer spending is down. Meaning people are not joining you.
5. Of course the economy is responding to Greece. If you paid attention you'd know the potential effect on the Euro. Sad you probably can't correlate that to the dollar, US banking investment in Europe or the overall political implications of austerity.
Step out of your bubble, get informed on the big picture and try again. This glass ain't half full dude. It's past half empty.
Doom-Gloom, and despair….woooo is me…….
Now back to reality! Turn OFF Cnbc!!!!!
Buy Low, Sell High$$
Good Companies are now cheap, BUY now and ignore the rhetoric!
Plus, my exposure to stocks is through BRK-A. Believe it or not, it actually went up yesterday.
I love it when the liquidationists freak out and advocate raising rates and cutting expenditures!
“Excellent” Too much Drama & Negativity giving the talking heads accreditation!
Best part about Cnbc is the MUTE button on the remote!
I think he needs his Meds. evaluated.
See the insider sell/buy ratio in today's Barrons. It called last year's twists and turns quite accurately.
Now it's time to go fish'in and relax!
"Bought Low, Will Sell High"....$
Pass……
That is as intelligent as your other comment above!
You are right on the money with Buffet! However, I think now is a good time to buy. I’m picking up several Jan. Call Options on these companies listed above and getting good prices.
I will add to them later if they come down, but I expect this nonsense to break soon followed by a rise in prices! Should it not happen, then I have plenty of time for the correction.
The only ones I failed to mention were KORS, DECK & COH. The got to have fancy-pants boots & purses will soar around Christmas and after. This is a great time to start building a position!...$$$$