As Henny Youngman might say if he were a financial comedian:
Bear with me. According to Marketwatch’s
Jon Markman opinions will differ, but it certainly looks as if institutional
investors are hunkering down for a bear market and recession. They may be wrong
or they may be right, but that's what their actions say.
How else to interpret the reaction last week to the news
that the entire U.S. economy, spanning 300 million talented and vivacious people,
managed to add only 69,000 jobs in May? Not only was that less than half the
forecast, but even if it had met expectations, an addition of 140,000 jobs
still would have been considered incredibly anemic. The country needs at least
250,000 new jobs produced a month to keep up with the supply of new job
seekers.
The weakened outlook makes the most important event on this
week's U.S. economic calendar the appearance of Fed Chair Ben Bernanke before
Congress on Thursday. He'll deliver the central bank's economic outlook in a
speech that will be scrutinized for any hint that a third round of quantitative
easing will be on the table at the organization's June meeting. Many experts seem to think there's no
question that, at minimum, he'll wink to hint at further easing,…
Read all about it at http://www.marketwatch.com/story/is-the-bear-around-the-corner-2012-06-05?link=MW_home_latest_news
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