Airtime: Tues. Jul. 28 2009 | 6:12 AM ET
Beth Ann Bovino, of Standard & Poor’s, and Jeffrey Saut, of Raymond James, share their market and economic insight.
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.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
read more »
Tweet
Facebook
Reddit
Digg this!
July 28th, 2009 at 1:03 pm
Good luck with those predictions.
CRE and Residential Alt-A’s and Option Arms are together and rolling to shore. They will account for a 5+ trillion dollar devastating blow to the economy. Worse than the subprime catastrophe.
We are in the hole so deep we can’t even borrow to pay our deficit, the funny money printer is churning out Zimbabwe dollars and this week we have yet another delegation called on the red (as in communist) carpet.
I crossed the word recovery out of my vocabulary.
Love the optimism, entertaining none the less.
Take care