Per Roubini, the second quarters start is promising, with nonfarm payrolls up dramatically, along with consumer spending, income growth, and factory orders. Modest Hourly wage growth indicates low inflation pressures; they expect the Fed to hold rates at present levels until the third quarter of 2015. Lower unemployment due to significantly declined labor force participation is the double edged sword. [Roubini historically has been a good early warning radar for major emerging problems. It is helpful to know that the Roubini organization is smiling at the economy, not scowling. ]
Posted on: Thu, 08 May 2014 11:07:16 +0000
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