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-- now is the chief economist Moody's John now -- joining us.
Let's turn you just her Grover Norquist describing.
What's happening in Washington DC.
It's entirely rational makes perfect sense I'm sure the nation is placated in all its concerns.
How do you feel about all.
It just a bad day -- for some reason.
Make people very glad on Wall Street today the question is whether or not the markets will continue to -- performed well going forward.
Well -- -- they do where they don't I mean you can't as they say argue with markets.
The markets investors obviously decided to bump up and -- the audience over four four billion shares I mean it's not.
It's -- the stuff of legend.
But it's a marked improvement over the last year's average that's true I guess there's reduced worry about a possible recession they believe their earnings growth -- -- -- -- -- what might be will be sufficient.
To support higher share prices and most importantly.
They expected interest rates are gonna remain low just despite today's jumped by the ten year treasury yield -- one point eight percent we're looking at.
So what are the strong -- Hurd -- The idea that we're that we've got for housing rebound -- we're seeing strength in manufacturing we're seeing some very good science in this economy.
They've been ignored in part because of all of the drama around the the fiscal -- Yeah and when you look at the ratio of home sales to a disposable income -- cars hills disposable income.
There's only one direction were likely to go and -- that's hire so and all.
Likelihood we're probably gonna get at least 10% year over year gains for both you don't home sales and car sales and when he thirteen and that's pretty darn good.
It was remarkable part by the end of this year what is an economic growth -- OK I think right now the equity market is perhaps still undervalued by between ten and 15% if we stay out of trouble we should get a got 10% -- We'll take that has signed here of job -- -- of our rear with -- you appreciate.
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