Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again. Ms Trinh sees boosts in asset prices not translating into any real uptick in the real economy. She also sees some cracks in the one bright spark that is the US consumer. She points to lower US job openings in addition to demand for labour slowing – a very worrying sign she says. The Manulife portfolio manager also casts doubt on the purveying narrative that the consumer will come to the rescue and drive the economy. Reading between the lines one can see the concern that exists out there. Monetary printing has
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Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again.
Ms Trinh sees boosts in asset prices not translating into any real uptick in the real economy. She also sees some cracks in the one bright spark that is the US consumer. She points to lower US job openings in addition to demand for labour slowing – a very worrying sign she says. The Manulife portfolio manager also casts doubt on the purveying narrative that the consumer will come to the rescue and drive the economy. Reading between the lines one can see the concern that exists out there. Monetary printing has run its course, the markets are utterly disconnected from the economic realities (global trade tensions, societal upheaval and distressed consumers). |
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Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World |
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