Not my best play on words, but it is alright. This being an election year, investors are counting their fingers waiting to see who gets elected and how they will effect the overall economy. According to CNBC, today their were not to many fears of an upcoming recession. However, in my opinion would a market channel publicly announce that "A recession is coming" blatantly, just as the colonists yelled the "British are coming" to prepare? If any report gave news that they were confident of an upcoming recession, a reliable report of course, not only would billions of dollars be lost through investors taking out their money, but come on, even the news site would lose viewers/readers as Americans would not want to spend their money! (A little drastic)
If anyone wants to hear what the Trillion Dollar Survey reported on CNBC, check out this link. It is a collection of the nation's top money managers, investment strategists and professional economists.
http://www.cnbc.com/id/22486170
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment