I just saw a really interesting interview with a founder of some investment fund on CNBC at about 8:45 pm.
Q: Do you think the world markets so far have already prices in a US recession?
A: Recession? They already priced in much more and they are way ahead of themselves and way oversold. The thing is, the markets seem to ASSUME that weak financial sector translates into weak economy as a whole - and thats not necessarily true. He said, we may be surprised, how quickly the whole US and world economy can get happy rolling, once the worst of the financial crisis is over!
I just saw a really interesting interview with a founder of some...
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