Airtime: Fri. May 15 2009 | 2:00 AM ET
After GDP data showed countries within Europe contracted again in the first quarter, Marc Faber, author & publisher of ‘The Gloom, Boom & Doom Report, doesn’t see the global economy recovering “anytime soon.” Bob Parker from Credit Suisse joins the discussion.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
read more »
Tweet
Facebook
Reddit
Digg this!
May 15th, 2009 at 11:45 am
CNBC also quoted him as saying that stocks and commodities had already hit their lows because of all the liquidity pumped into the system, but the post video doesn’t show any of that. Anyone seen it?