Tag: fiscal cliff

Matt McLennan: The Collision of Macroeconomic Tectonic Plates

September 21, 2012

Have the financial markets become more stable? Is a sense of equilibrium returning to the global financial system? Several widely followed measures would seem to indicate yes.
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Matt McLennan Transcript 9/21/12 #913

September 21, 2012

WEALTHTRACK Transcript #913- 9/21/12 CONSUELO MACK:  This week on WEALTHTRACK- in a world littered with investment choices, why First Eagle Funds’ Matthew McLennan values scarcity and resiliency in his portfolios. A next generation Great Investor Matthew McLennan is next on Consuelo Mack WEALTHTRACK. Hello and welcome to this edition of WEALTHTRACK. I’m Consuelo Mack. Have the financial markets become more stable? Is a sense of equilibrium returning to the global financial system? Several widely followed measures would seem to indicate yes. First of all, the stock markets have been on a roll. Year to date, the S&P 500 is up

BOB DOLL: BULLISH ON STOCKS

July 20, 2012

There was a counter culture novel published in the 1960s, titled I’ve Been Down So Long It Looks Like Up To Me, a phrase later memorialized in a song written by Lee Hazelwood and picked up by the rock band The Doors that just might describe where market psychology is today. As last week’s guest, economist David Rosenberg wrote recently, the phrase “consumer confidence is an oxymoron.” As you can see from his chart consumer confidence is “mired in recession territory.” As Rosenberg points out “we are supposedly in the third year of a recovery, but confidence is below the level that would be consistent with economic contraction.” As he noted, he is “noticing a certain degree of despair these days, just as I am getting enthusiastic about the future.”
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