Global industrial recession . Probably not. Numbers are going to be weak through the balance of the year. You are starting to see some signs of bottoming out. Maybe there is some downside there. The data will continue to decelerate into the third quarter. Maybe we get some positive news out of brexit. Maybe that leads to a shortterm pop in yields. We should see growth improving by the Fourth Quarter of next year. This could be the bottom, so it may get better from here. Jonathan joining me around the table, colin robertson, kathy jones, and jim keenan. Have we seen the worst of it . Kathy it looks like maybe the worst is over, but does not look like it gets a whole lot better. We are cheering the fact it is not continuing to decline at a fairly rapid rate, and maybe we have seen the worst of it. Particularly, if we get a trade deal, we get a lead the fed from the easing from china and other Central Banks. Maybe the worst is over but certainly Going Forward will not be strong. Jonathan
As bad as 2015 in terms of a Global Industrial recession . Probably not. Stagnation, not recession. Numbers are going to be weak through the balance of the year. You are starting to see some signs of bottoming out. If we continue to see leading indicators decline, maybe there is some downside there. The data will continue to decelerate into the third quarter. Maybe we get some good news on the trade deal with china, maybe we get some positive news out of brexit. Maybe that leads to a shortterm pop in yields. This will not pop at this point. We should see growth improving by the Fourth Quarter of next year. This could be the bottom, so it may get better from here. Jonathan joining me around the table, colin robertson, kathy jones, and jim keenan. Have we seen the worst of it . Kathy it looks like maybe the worst is over, but does not look like it gets a whole lot better. We are cheering the fact it is not continuing to decline at a fairly rapid rate, and maybe we have seen the worst of
Buy greenland. In majore are off 1. 5 indices. The s p quelling back to 2900. The 10 year yield off its lows at 1. 8 . We did get Consumer Confidence data from the university of michigan that was a little disappointing. The 2 10 spread widening, although it is still narrow. Nvidia the best performer in the h p former 500, vying wit ge. Provides trips to game makers. It is bouncing back after an incredible decline yesterday. Guy lets talk about the incredible week we have just had to pay a tumultuous is one way to describe it. Entare joined by ubs investm bank Global Markets strategist. We will correct that in a moment. The week we just had, what is your perspective . I think the bond market is not giving us a signal on u. S. Growth. The biggest question we have 2 10 inversion, is recession in the u. S. This is a global fear of liquidity trap, making a bigger comment on europe and china than it is of the u. S. The fact that the u. S. Is the highest nominal yields aaa asset is the reason
The data is pretty solid. Were starting to create jobs but not treating enough decent jobs. Wages are a little weak. 2. 5 is moving in the right direction. This is another example of positive real growth where inflation remains tepid. Ofonce again the employment the populated rate went down with three Percentage Points below everywhere in 2008. That is why there is no wage growth. Full employment is a long way away. There is lots of slack in the economy. I think there is some hidden labor out there. The Participation Rate is down significantly from where it was 4, 5, 6 years ago. We need to allow workers to keep more of what they earn, the more importantly we need to be able to drive more wages to our hardworking citizens of this country. We vary from you believe tax reform will drive to wage growth. Jonathan joining me in new york is Oksana Aronov from j. P. Morgan asset management, Richard Clarida at tempo, and Colin Robertson from Northern Trust asset management. Rich, when will be
We are starting to create jobs but not treating enough decent jobs. Wages are a little weak. 2. 5 is moving in the right direction. This is another example of positive real growth where inflation remains tepid. What people havent talked about is once again the employment to population rate went down with three Percentage Points below where we were in 2008. That is why there is no wage growth. Full employment is a long way away. There is lots of slack in the economy. I think there is some hidden labor out there. The Participation Rate is down significantly from where it was 4, 5, 6 years ago. We need to allow workers to keep more of what they earn, but more importantly, we need to be able to drive more wages to our hardworking citizens of this country. We very firmly believe tax reform will drive to wage growth. Jonathan joining me in new york is Oksana Aronov from j. P. Morgan asset management, Richard Clarida at tempo, and Colin Robertson from Northern Trust asset management. Good to