We think the market was too fast to move stock prices up in anticipation of an economic recovery, ... The Nikkei is set to slide.
More Quotes from Carl Weinberg:
It tells us the U.S. economy is still quite strong, ... it doesn't mean there couldn't be a forecast for trouble, particularly at the Fed.Carl Weinberg
Even if they succeeded in slowing down China's growth rate from 10.2 percent to 9.75 percent, what difference would that make for your outlook for copper It's an effort to buy space around the U.S. demands for a stronger yuan.
Carl Weinberg
All the focus is on the one number and we're figuring . . . that we are going to see the CPI number actually turn out to be quite good at 0.1 or even flat on the overall,
Carl Weinberg
The catastrophic destruction of wealth than began in January 1990 has left assets equities and real estate, mainly deflated against a mass of liabilities that are mainly bank loans.
Carl Weinberg
All this mayhem is very similar to what we have seen in Latin America and in Asia in recent decades. It is driven initially by inflation. This is what China must act to contain. So far, it has not. So the odds of a hard landing remain high.
Carl Weinberg
Canada is doing great -- both of the reports today were good news. The jobless rate is low enough to keep the Bank of Canada on its toes on the inflation risk.
Carl Weinberg
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