Top strategist Kenneth Fisher says the “fiscal cliff” drama is far overblown, and that the overwrought fears about budget cuts and tax hikes are actually a bullish sign. “If there’s…
Category: Economy
El-Erian on Recession Odds
PIMCO’s Mohamed El-Erian says that if the U.S. avoids the “fiscal cliff”, he and PIMCO don’t think the U.S. will enter recession in 2013. El-Erian tells Bloomberg that he thinks…
Siegel Counters Grantham on Profit Margins, Zero Growth
Wharton Professor and author Jeremy Siegel was pretty accurate with his 2012 market call, and he thinks 2013 is going to be another solid year for stocks. “We’re going up,”…
Bolton Sees China Turnaround
Top U.K. fund manager Anthony Bolton says he’s expecting a rebound in Chinese growth next year. Bolton tells Investment Week that he thinks China’s growth has actually been slower than…
Fisher Thinks Fed Has Gone Too Far
The Federal Reserve’s decision to continue $85 billion per month of Treasury bond and mortgage-backed security purchases amounts to “un-stimulus”, according to Kenneth Fisher. In a piece on Fisher Investments’…
Mauldin: Decreasing Deficit Means U.S. Must Run Trade Surplus
Economist John Mauldin says history shows that if the U.S. wants to reduce private and public sector leverage, it will have to figure out how to run a trade surplus.…
Sonders: Valuations Could Cushion Market If Cliff Strikes
In her latest Market Snapshot, Charles Schwab Chief Investment Strategist Liz Ann Sonders says that even if the U.S. goes off the “fiscal cliff” — triggering a variety of tax…
Fisher: U.S. Doesn't Need More Jobs
While many have cited job growth as being key to the economy continuing to recover, Forbes’ Kenneth Fisher says that’s “rubbish”. “When I was born, in 1950, manufacturing jobs were…
Slow Growth Here To Stay, Says Grantham
GMO’s Jeremy Grantham says those waiting for the U.S. to return to the 3%+ growth rates it has averaged over the past hundred years are going to be disappointed. “The…
Achuthan, ECRI Stand By Recession Call
Lakshman Achuthan of the Economic Cycle Research Institute is standing by his previous call about the U.S. having entered recession in the middle of 2012. Achuthan tells Bloomberg Surveillance that,…