The Chinese government has just unveiled a massive stimulus for its troubled economy, but can it fix the slowdown long-term? What’s at stake for the country, and the world? Here is a direct video link.
Leland Miller, China Beige Book CEO, joins ‘Squawk Box’ to discuss the state of China’s economy, impact of Beijing’s stimulus package, and more. Here is a direct video link.
CBC News Network’s Weekend Business Panel takes on the top news of the week.
Here is a direct video link.
Happy Friday!!!
Danielle was a guest with Jim Goddard on Talk Digital Network, discussing recent world economy and market developments. You can listen to the audio clip of the segment here.
With bulls celebrating Fed easing and stocks at the highest price multiples of trailing and forward earnings expectations since the tech wreck top 24 years ago, it’s worth noting that there’s no precedent in at least the last 40 years for profits continuing to grow while the Fed funds rate is falling.
Indeed, past cutting cycles (black line below since 1985) have been consistent with a 20%+ decline in reported profits and a 30%+ drop in forward earnings (red line) courtesy of Societe Generale SA’s chief quantitative strategist, Andrew Lapthorne (via Bloomberg). But hey, maybe this time will be different!?
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