Post by
Majormac79 on Jun 18, 2011 4:36pm
My view
The negative economic growth news was all due to Australian and Japan disasters. Disasters such as those take time to begin the planning and rebuilding phase. I am not an expert by any means but I believe we will be showing some positive growth in commodity consumption used for the reconstruction of those regions by August. I also am a bull of the long term effect of QE. That money takes time to sift thru into the broad market because wage growth lags behind the inflated goods prices significantly. The fact is you wont have a recovery in the world economy where the price of oil is below 100 dollars a barrel like it or not people have to tough out the adjustment period.