Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

"It seems like the [factory] sector is stuck in neutral," says RBS's Guy Berger. Several reasons...

  • Sunday, August 19, 2012, 5:51 AM ET
    "It seems like the [factory] sector is stuck in neutral," says RBS's Guy Berger. Several reasons are at play. "Japan is going nowhere, Europe is in recession, and we’ve got our own problems," such as stalemate over tax and spending, says MFR's Josh Shapiro, who reckons the chance of recession in the next year is 50%.
Track new comments on this story

This news story has 4 comments:

  •  
    If Obama gets re-elected and the Bush tax rates expire, there is a 100% chance of collapse.
    19 Aug 2012, 10:03 AM Reply Like
  •  
    Seems like just the news the markets need to rally tomorrow.
    19 Aug 2012, 10:41 AM Reply Like
  •  
    "High-paying manufacturing jobs..." has become a quaint echo from a bygone era. Very 20th century. Time to put on our big-boy pants and re-invent!
    19 Aug 2012, 12:14 PM Reply Like
  •  
    ??"who reckons the chance of recession in the next year is 50%."?? Huh? Doesn't he actually mean the chance of the recession getting worse? Does he think 8%+ unemployment (or more likely 20%+ unemployment when people are counted and not some perverse, revised to the hilt segment of the total group) is a new normal? For which government department does he work or want to work?

    Sorry, that is just such a lame comment to my obviously bewildered mind.

    Has he even seen the national debt and understand that it is a house of cards and the lynch pin holding it all up, the credibility of the USD, is crumbling?
    19 Aug 2012, 01:31 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Macro Articles
More Latest Articles »