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I ever skip said it's going to be another body -- this summer and did several all of again didn't wrestler -- economic advisor that MR -- is here -- -- right now.
David it's confusing market if nothing -- -- see you haven't.
Durable goods orders US manufacturing slowing we have been seeing profit for the first time since 2008 and yet one in -- homeowners is underwater in their house.
What do you on the way to go with that.
Now it's that it is a confusing market right now especially with what's going on in Europe because then that creates a lot of uncertainty and that's in the economy.
And it's uncertainty -- -- probably grow as the year develops and even if we put even if we somehow can put to rest at least four.
The time being concerns in Europe I don't think that's very likely by the way.
But as we get into this summer we're going to be starting -- businesses in the US we'll start -- more and more.
About the fiscal policies of the United States government.
That we face fairly serious problems in the beginning of next year if action isn't taken and timely -- -- -- -- that could affect.
Business is planning for the new year.
It's a David as you mentioned you're alluding to the fiscal Clinton as you say you know -- Greece to to rest now -- like three years.
So it's a very volatile situation how -- investors play this market.
Cautiously I I guess is that the byword and and I think it it means that you you really wanna stay.
In safe securities safe assets.
And that's one of the reasons the US treasuries look so appealing right now and why yields are so low in the United States that'll probably help the US economy -- debt.
Keeping interest rates low rent it's it may not be enough to counterbalance all of the problems that -- that we get out of Europe.
What's contained though I mean all we talk about -- all people want to talk about is just preserving the money they have they even aren't any interest in taking any risks to try to appreciate that.
So that means -- -- kind of screwed for retirement because their money's not growing whatsoever.
We're also on the sidelines what is it gonna take to get us back in this game again.
I have it I really wish I knew and that retirement question and probably -- closer to opinion I -- I'm.
It is it it is a problem and it's a problem I think that we have.
They've been decades in the making some of these fiscal problems not only in Europe and in the United States as well that's it won't take decades to fix them to take.
Decades for them to work entirely out and we need to set policies in place.
Fairly soon to put our fiscal house in order in the United States and for Europe to address its long run fiscal issues as well.
And and that takes some time -- and commitment on the part of governments to undertake these problems and and so far.
That commitment has not been quite what the markets would like to -- and David you know.
What impact is the inaction in Washington having on businesses especially small businesses -- -- so vital to this economy.
They were Leo left in limbo right now on -- Well they are -- I think.
That their most recent data from the small business sector of the economy has been somewhat encouraging.
It's small businesses aren't going to delay forever.
Decisions they have to make about hiring and planning for the future.
In fact we've seen some of the brighter news on the economy in the first part of this year coming from the small business sector.
But as soon as we get into.
Later in the year is that as the election focuses.
Our attention on time these fiscal challenges that we face -- it's hard to see how that's not going to have made someone outside depressing effect I'm planning.
-- and it's gonna create more 10% tax -- get in is that like on -- name.
Didn't say thank you so much didn't and -- -- that's.