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Market preview: Chinese PMI, eurozone PMI and U.S. weekly jobless claims - they all tell a...

Market preview: Chinese PMI, eurozone PMI and U.S. weekly jobless claims - they all tell a depressing story and they're all weighing on EU shares and U.S. futures, with the S&P benchmark -0.25%. Back in the corporate world, early earnings results are starting to dribble in, sending ConAgra +6% but Bed Bath -5.7%. Later: Consumer Comfort, Fed Speak, Oracle earnings.
Comments (4)
  • 2MuchDebt
    , contributor
    Comments (215) | Send Message
     
    So this continues to be the end result of about four years of fiscal and monetary stimulus across the globe... Unprecedented mind you! Maybe we should do more!
    20 Sep 2012, 09:42 AM Reply Like
  • American in Paris
    , contributor
    Comments (5504) | Send Message
     
    If we had done, it would been much worse. Don't kid yourself ...
    20 Sep 2012, 05:18 PM Reply Like
  • 2MuchDebt
    , contributor
    Comments (215) | Send Message
     
    @ American in Paris: The first round of fiscal and monetary stimulus was helpful because there was a lack of confidence in financial markets. In other words, there was an actual NEED for the stimulus. Now that companies are making money and the financial markets and companies are flush with cash, the effectiveness of further stimulus (whether fiscal or monetary) is significantly diminished and the costs significantly outweigh the benefits. A lot of companies are operating lean and do not want to hire more workers. They can just squeeze additional productivity from current employees. Also, companies don't know what the current administration will do next in terms of fiscal policy/regulation which is quelling investment in capital (both human and otherwise). The current monetary policy actions will eventually have negative consequences on the inflation front and the fiscal policy actions over the last few years have had negative consequences in relation to the labor market (ie: food stamps, rising number of people dropping out of the labor force, inhibitors to hiring, etc). You'd be blind not to see it.
    21 Sep 2012, 08:49 AM Reply Like
  • alan.greenscam
    , contributor
    Comments (353) | Send Message
     
    And the lying manipulation continues today... lets get real, options expire tomorrow so lets drop the born again fear mongering about Europe, China etc etc.....
    20 Sep 2012, 05:20 PM Reply Like
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