People are not feeling wealthy. We can see by our research that shows they are paying down debt but they are not spending money on consumer goods. This could be because wages have not gone up with the jobs rate. More in the video.
Bobby Norman’s opinion is that, in the short term, China’s current market situation is not that big of a deal. Franklin Bradford recognizes that when you combine the Shanghai Stock Exchange and the Shenzhen Stock Exchange, they make up the 2nd largest exchange in the world. Each has data to back up their opinion. Who do you agree with?
Recap Of Last Week Last week ended down slightly on the news of the situation in Greece and the correction in the Chinese stock market. Oil continues to stay in the $60 per barrel range where it has been for 8 weeks. We are watching the current talks with Iran because if their oil floods [… read more]
Why isn’t our annual GDP growing at a rate of around 4%? With all the quantitative easing, we should be seeing growth like this but we have only seen half of that. Two WSJ writers have said that historically when you come out of a bad recession, fiscal policy is what drives a higher GDP growth rate. More in the video.