Not only is recession risk fading, a "very positive" longer-term U.S. story is emerging, Schwab's Liz Ann Sonders writes. A major reason is China, which may be "trapped in an addiction to cheap U.S. financing and could increasingly feel its side effects, weakening its competitive position... Never forget that Japan was supposed to take over the global economy about 30 years ago." [View news story]
I could be mistaken, but Liz Ann is a massive perma bull. her saying the market looks good in any way shape or form is as surprising as asking an alcoholic if they would like another free drink...
Not only is recession risk fading, a "very positive" longer-term U.S. story is emerging, Schwab's Liz Ann Sonders writes. A major reason is China, which may be "trapped in an addiction to cheap U.S. financing and could increasingly feel its side effects, weakening its competitive position... Never forget that Japan was supposed to take over the global economy about 30 years ago." [View news story]