This entry was posted on Friday, February 5th, 2010 at 4:16 pm and is filed under General, Forex Trading, Commodities & Options. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
Michael Cox thinks uncertainty from monetary policy. The real economy is strong but the other side is government debt. Michael calls this a Kryptonite economy. Keynsian policies give government more of a role than the capitalist economy would normally allow. In the last thirty years, free markets were working, now the pendulum swings back to a control economy. BPO India website shows the impact of internet on outsourcing labor. AOL.com on Wednesday, ran story from Michael about the strength of the middle class. (mp3)
Michael continues explaining that the credit crunch occured at time where structural changes were occuring. Unemployment by sectors indicates that some problems are not related to the business cycle. Power plants operators have .3% unemployment rate. Clergy is .4%. Vince points out that innovation is the key to growth. Michael is a professor at SMU and relates what he is seeing in his students. Future indicates that creating companies is the future for young Americans. Olivers joins to wrap up the week. Michael is looking for panic before turn around. Pattern from 2007 indicates couple of more days of downside. Oliver points about the impact of the carry trade. Both agree that Japan has some major issues into next decade. (mp3)
