“Investors have become a lot gloomier about the prospects for economic growth, corporate profits and margins -- certainly compared with two months ago,”
“Before we get too excited, it's worth remembering that eleven rate cuts totaling 475 basis points have failed to deliver any meaningful economic recovery; they have also failed to prevent a major deterioration in US credit quality.”
“Investors have become a lot gloomier about the prospects for economic growth, corporate profits and margins -- certainly compared with two months ago.”
