The economic recovery will not be as good as it has been historically after recessions, but the economy will do better than what it has done recently, said Maury Harris, managing director and chief US economist at UBS. There have been a number of problems that have been holding back growth and probably won’t be as harmful next year. From …
One Man’s Opinion: Will The Bond Markets Slump By The End Of The Year?
Investors can ignore the Fed and the economic data when they consider where to allocate their funds in the coming months, said Michael Shaoul, chairman and chief executive officer at Marketfield Asset Management LLC. The Fed is way behind the curve and the equity market certainly understands that. At some point the Fed will wake up to the reality, which …
One Man’s Opinion: Do Economic Indicators Support Tapering Next Year?
It’s not a matter of if the Fed will pull back, but a matter of when the Fed decides to pull back and taper QE, said Joseph Stanious, market strategist at JPMorgan Funds. Hoping for the tapering to start this year is probably not going to be correct as the Fed is yet to assess the damage that Washington caused …
One Man’s Opinion: Is The Economy Ready For A Taper?
The economy has not improved enough for tapering to begin between now and the end of the year thinks Lindsey Piegza, chief economist at Sterne Agee & Leach and a member of the National Association for Business Economics. The uneven data is really the underlying reason why Fed officials remained consistent in their bond purchase program. The economy is yet …
One Man’s Opinion: Is It Likely The US Will Default On Its Obligations?
It’s increasingly likely the current deadlock over the so-called “Obamacare” will be tied to the ensuing debt-ceiling battle and the two issues most likely would be merged from a negotiation and outcome point of view, said Roger Altman, chairman of investment bank Evercore Partners Inc and a former US deputy Treasury secretary. The big framework however, is that the US …
One Man’s Opinion: Does The Latest Data Suggest There’s Some Momentum In The Economy?
The latest revised-data on unemployment benefit claims and housing are two very interesting and relevant pieces of information about the US economy, said David Levy, chairman of Jerome Levy Forecasting Center. They are not contradictory, but they essentially talk about different things. There was a lot of noise in the initial claims data; still there has been enough of a …