Danielle was a guest today with Phil Mackesy on Talk Digital Network talking about this week’s developments in global markets and the economy. Here is a link to the audio clip.
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Danielle was a guest today with Phil Mackesy on Talk Digital Network talking about this week’s developments in global markets and the economy. Here is a link to the audio clip.
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– Ignore Apple’s earnings: The company with the largest market cap in the world beat earnings big time (no surprise considering they typically low-ball the expected figures), sending jubiliation across market participants. Ignore these earnings. Apple’s primary products are a cellphone and a tablet computer – hardly integral needs for global growth.
– Re-read Caterpillar’s earnings: As the world’s largest producer of mining and construction equipment, their data are more credible when trying to determine where the global growth picture is headed rather than paying attention to Apple. Caterpillar noted that Brazilian, Chinese, and European weakness was offset by strong demand in the United States. China and the Euro-zone are two of the United States’ largest trading partners, so if growth is slowing in those regions, it will reverberate back to the United States. Caterpillar’s assessment, again, as the world’s largest producer of mining and construction equipment – not cellphones or tablets – should be take more seriously when analyzing future potential for the commodi