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I'm here -- -- markets now we've been talking throughout the hour about some decent economically especially today readings on ADP and jobless claims were better than expected done this morning.
But investors not getting excited because what does that -- maybe that the Federal Reserve is gonna come.
Through with what -- it's more fish and I've been -- Rick -- where he's chief market strategist at Merlin securities.
Is more in store for when they really happy central banks really have to with drawl.
Mom all this -- -- that they put into the economy that the market's gonna it's like they're we're addicted to this.
Cheap money you have but of course today the essence he's going down about three points or -- so it's not like things are so bad if you look -- -- Coordinated efforts that took place this morning what are they actually were phone Colton phone call to say let's do this at the same time.
Within 45 minutes -- like they do in banking -- exact right.
-- -- You have.
And to the ECB -- -- the bank of England and you had China lower rates and work by bonds to stimulate the economy and I think the focus kind of goes towards.
What will if anything Bernanke did a follow up on this is this just bear come back from what he did three weeks ago extending Operation Twist or we looking for more -- depends what your outlook is right we were talking to China earlier a little bit and then you could look at that and say boy they're doing this because they know things are brutal in the GDP numbers -- distinct.
Or you could say.
There actives and they're out ahead of that same thing for Europe same thing for us a -- how bad do you think the economy is -- is the real question I I don't think it's great.
I'm not a pure economist but I can tell you from what we observe in the marketplace.
People spending habits him greatly didn't diminish the job stability -- you think these central banks are committed rescue us again.
Us being the -- I think ultimately yes I'm not sure win the Fed does her next move I think Bernanke will do something -- I don't think it comes over the summer.
What but is it.
Can the Fed do anything to rescue the economy you have the -- that's at one point 59%.
Whatever the Federal Reserve is done.
About buying longer term bonds.
And trying to force people out of these investments -- had -- Now the economy is something -- Monetary policy can influence to some degree but fiscal policy is also absolutely essential.
And I don't think the Fed and -- -- themselves or any Central Bank can truly fix an economy is just think they will act not necessarily that they -- -- that this that's right effectiveness but you're still bullish sounds like on the market we we are short term we actually turned bullish Monday morning we had a signal on the open.
The models we use suggest that will go to new 2012 -- And did you have a call with everyone where he told them you're bullish and they all agree that's can thank -- -- -- for payments thanks Patrick Brennan --
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