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- After the number: Strong am I with the Force, but not that strong
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So much for my morning prediction. There is extensive commentary on the street that says this number isn’t strong by any means. The manufacturing report also showed a lot of inventory building and was positively impacted by higher oil prices. So none of these reports are good. I think the flattish stock market now makes more sense than how we opened.What I said in A…
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2 May, 2008| Economy |
@ 13:21
- After the number: Strong am I with the Force, but not that strong
-
So much for my morning prediction. There is extensive commentary on the street that says this number isn’t strong by any means. The manufacturing report also showed a lot of inventory building and was positively impacted by higher oil prices. So none of these reports are good. I think the flattish stock market now makes more sense than how we opened.That being said, if job losses putz around at -75,000 for a few months and then recover, that would be a very mild recession. I think the recovery will be tepid, slowed by both Fed hikes and consumer weakness. Consumers are going to have to spend a long time repairing their balance sheets….
Fuente Original
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2 May, 2008| Economy |
@ 12:35
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