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Well when you are looking for global growth the good strategy is go over that consumers -- my next guest says a good offense is that consumer deep -- Thank you get grant CEO of -- capital financial advisors what do you mean by that.
I think that did we have this creation of a middle class it's happening in other countries.
But China India -- most of South America.
Asia of course and and they are not accustomed to to buying brands that we oral very used to.
And so they're willing to pay a premium.
And we have very good global brands they can do extremely well in those emerging countries by providing them.
-- goods that that that people want to buy and that they can trust.
But -- 11 caveat to all of that what we're saying -- particular on the grain markets and what has happened of the corn crop this year the drought.
That could affect in particular the earnings the production capabilities of a lot of these big consumer names that you're talking about any -- -- -- -- everything for example.
Oh yeah no -- So the thing that we've told all about clients you know with dealing -- client's entire wealth so what we need to do is build very balanced portfolio to take advantage of secular.
-- opportunities which are not just cyclical.
And having a brand allows you to -- that price on to consumers.
Not as easy to do in the US but very easy to do in the emerging markets where there isn't as much competition.
And people want to instead of buying Gucci bag if you're in China the average middle class family would like to -- catalogs or Coke we'll go to McDonald's.
And so there is say -- up that they can have which allows them to pots on pricing pressure unlike.
So you're not going to be -- that's it thinking you're saying that these guys are gonna pass on higher prices higher cost out of this country to the Chinese.
Yes that's true that is correct and it's -- thing -- a couple of things yeah.
Well let me ask you about hurting anyone assay with earnings that -- -- -- -- -- about having I don't talk about second quarter earnings I'm curious I have filling so far we had a lot of they.
A lot of the big thing you know global multinationals the want to you're talking about gave -- Forecast that we're actually lowered expectations summer being on expectations of the second quarter summer not so -- kind of feeling overall right now but earnings.
Well I think I feel really good about the market being up eleven and hot estate get a date which I think all of -- nobody -- -- actually -- as accurately.
So we've had a very good yes -- fire.
I feel very good about the kinds of names I mentioned which is still.
Having revenue growth so a lot of companies as a tale of two countries really one.
Hitting their earnings numbers by increasing their profit margins and one where they're actually increasing their -- Tobacco companies continue to sell lots of tobacco products.
And companies that are relying on the government having to increase margin side I feel very good about companies are growing that top line.
It wouldn't really go you know selling in particular we're going to be hearing from the Fed.
We're gonna get that decision obviously tomorrow I mean do you think we're gonna get any hint.
Up from the Federal Reserve about any further stimulus this time around.
I think that they might they might imply that they are thinking -- but as -- talking about acting side I believe again.
We've hit a little bit of assaults the soft patch.
I don't know that it's persistent and I think a lot of it is really a reflection what's happening in Europe.
So I don't think they want to look like they're paying -- -- -- politics if they.
Hinted that they were gonna do something the -- probably recover and -- react positively.
Temporarily at least and and I don't think that -- wants the opportunity that.
To say that the Fed is playing politics I think.
They will say that we stand ready to act like the Europeans have done -- not actually done and I think that they've talked a lot about doing something.
We might hint that we are in the wake comfortable doing something necessary that's what he's been saying for months and I don't think that'll -- Yeah did you still beat -- all right -- during have a good to have you get on the -- just think yeah.
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