Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc., talks about the outlook for the U.S. economy and so-called fiscal cliff. Shapiro is the top U.S. economic forecaster for the two-year period ended on Sept. 30, according to data compiled for the annual Bloomberg Markets magazine’s ranking of global forecasters.Here is a direct link.
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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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