Fox Business 12/2/09

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2 Responses to “Fox Business 12/2/09”


  1. 1 Tom December 4, 2009 at 9:30 am

    Karl, is this jobs report going to be the end of easy money?

    • 2 keggerss December 4, 2009 at 9:33 am

      Tom,

      I don’t think the easy money is ending with the jobs report. I think the easy money is ending with the reverse repo tools tested yesterday by the Fed. The easy money isn’t ending but certainly the game is changing now in the sense that everybody knows they are trying to remove liquidity. That change is something the bond market is sensing (higher rates). The jobs report will be debated as to its accuracy. But, it does show improvement. That is what stocks key off of. But, the jobs report doesn’t change my view that the intensity of the recovery is slowing down and the leading indicators are falling. So, for a while, you’ll get good reports but in the late winter to early spring, the numbers won’t surprise anybody.


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