Their systems could be so disrupted that they can't go on with business. They can't export, they can't import. It's hard to place a phone call into Brazil. It's hard to get the parts from Taiwan. All that could add up to a global recession that could still impact our economy.
More Quotes from Edward Yardeni:
If so, it could only help stocks, which rise with cash flows, as we saw in the go-go 1990s. You can't have go-go without flow-flow, ... It's always easy money that creates the speculative excesses in global booms.Edward Yardeni
We believe the equilibrium price of crude oil has risen from about 20 per barrel during the 1990s to at least 30 during the current decade. The fundamentals are solid for the energy sector. Energy represents 6 percent of the SP 500 market cap -- in our opinion it should be double-weighted.
Edward Yardeni
That could be bullish for the stock market if the household sector concludes that real estate is not the place for speculative gains any more.
Edward Yardeni
We have two surprises in our economy better-than-expected growth and lower-than-expected inflation, and the growth is based on productivity, ... People are working harder. They're generating more products efficiently at lower prices.
Edward Yardeni
Forward earnings for small company stocks rose faster than bigger company ones last year, as they have for the past four years.
Edward Yardeni
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