View of the near term economy from the four big players..












  • Abey Cohen (Goldman Sachs) – Economic data is looking somewhat better, industry wise very mixed lot, recession to end in 2009, results will be widely varied amongst industries & Q4 2009 profits will be set to surge…
  • Jack Bogle (Vanguard) –Agree road to recovery but not as quickly as Abey’s views, don’t see a strong recovery at all, tremendous amount of deleveraging amongst consumers and long period of slow growth with 2% real GDP growth.
  • Paul McCulley (PIMCO) – Right now not worried with the budget deficit.
  • Bob Doll (BLackrock) – Agree with all, emphasize policy lags and more stimulus to be seen.  Very uneven. Economies in the east doing a lot better already.

Source: CNBC

0 comments:

Post a Comment