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-- on the floor show.
A strategy in place if you wanna call it that to help pull Europe out of its financial turmoil eventually but the markets -- -- today's used to.
Let's bring in David -- he's chief investment strategist with Morgan Stanley Smith Barney one point seven trillion.
In assets under management spending the last hour of trading with us.
That issue that you see three traders spent so the Smart -- -- -- are tremendously as they are -- premise that can't see it they can't see it lasting and the market can't today aren't there.
-- you really that the basic issue is how do you get Europe growing again and this was not even addressed in the summit this whole climax we all have summit fatigued by the way.
There were fifteen -- last 22 months.
So we don't need more summit we need where's the beef and the beaches three thinks it's this cradle to date grave entitlement system that they have in Europe.
Secondly it's the spending this this spending is out of control over there.
And thirdly Liz is a regulatory.
Framework there that labor markets are very very rigid.
And that us that is got to be addressed those three things spending.
The labour markets and the entitlement situation which includes pensions by the way pensions so those -- and that wasn't even on the table.
And I think the markets saw.
They see the risk -- you highlighted the top of the show on the ratings and that I think could be the next shoe to drop.
So it -- -- seeing that support the verdict of the markets.
That would this was not enough.
And you've got Germany as that one country that's pretty much holding up everything hinges on on the -- Merkel the chancellor there.
They can -- something interesting articles over the weekend about how there -- She's disinclined to look like the all powerful.
Germany because of the past historic stories in a World War I World War II they don't wanna look what they're the -- in charge of the buttons and everything.
Yes -- need to really help out in this situation I mean I understand what a tough situation it is for her but does she need.
To give in on the eurobond issue or is up the worst thing that can happen will people accept medicine given out.
By doctor Germany that's -- what you said and -- and they're not prepared to accepted at the basic level.
Would you except if you live in Louisiana and the United States people from Boston telling you what to do no way.
And it's just that same thing there's this.
Lack of connection to the to -- to the that the the action.
Relative to the policy so -- she she I think is very sensitive I think they'll end up giving the money.
Because of this.
-- you've seen the newspapers with bad symbols from that World War II on the front page when they Germany hasn't coughed up the money but they're trying to get people.
To a adopt the right policies what the summit you can you -- it for us how do you think it can now.
Well I markets I think they would say F I would give it BI would given -- Beatty lives it could've been worse it didn't kill the patient it did not cure the patient that's where I come out it was it was basically prolong the patient -- that.
The the suffering.
David doesn't care he says what's still pick some Smart names out there and he's got some that he's picking for his clients of Morgan Stanley he'll give you got a price coming up right here on fox.
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