Richard Koo On The 'Temporary' Period Of Good Data.... - News and Current Events | futures io social day trading
futures io futures trading

Richard Koo On The 'Temporary' Period Of Good Data....
Updated: Views / Replies:318 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Richard Koo On The 'Temporary' Period Of Good Data....

  #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,884 since Nov 2010
Thanks: 3,303 given, 3,334 received

Richard Koo On The 'Temporary' Period Of Good Data....

Nomura's Richard Koo is back, and he's still no optimist, even with most data showing improvement.
On the state of the US economy, he writes:
Are favorable US economic data only temporary?

One view is that the recent strong economic data are a temporary phenomenon and, as argued in my last report, are attributable to pent-up demand. I think this is true to a certain extent in the case of automobile sales, for instance.

According to this view, people who put off buying a new car after the property bubble collapsed have finally decided to replace their existing vehicles after seeing the economy stabilize and deciding that their jobs would be safe.

Others argue that supplies of auto parts and automobiles interrupted by the earthquake and tsunami in Japan last March are now flowing again. They say the resulting pickup in the economy will wind down once this pent-up demand works its way through.
And he also discusses the meme that in 2013, things will go to crap thanks to the fiscal cliff:
Bernanke warns of “fiscal cliff” on 1 January 2013
According to Chairman Bernanke, inflation-adjusted income and wealth, which are critical to final demand, did not increase at all in 2011. Consumer confidence also remains depressed even though it has recovered somewhat from the depths of last summer.

The Beige Book also notes that government-related spending has decreased in many districts as the fiscal stimulus measures unveiled by President Obama in February 2009 expire.
Concern over this point prompted Mr. Bernanke to remark that something had to be done about the

“fiscal cliff” on 1 January 2013. That day brings not only the expiry of a number of tax cuts but also the enactment of mandatory spending cuts agreed to last August.

That would mean the loss of a major support for the US economy. Unless some other source of support has emerged by then we would risk a sharp economic downturn.

As the Fed is responsible for monetary policy, its chairman customarily refrains from commenting on fiscal policy. The fact that Mr. Bernanke used the strong expression “fiscal cliff” to warn about 1 January 2013 underscores his understanding of the importance of fiscal stimulus to the US economy today. The term cliff implies that everything would be lost in a fall and highlights the extent of the Fed chairman’s concern about this scenario.

Read more: Richard Koo On The 'Temporary' Period Of Good Data, And The Economy's Upcoming Fiscal Cliff

Reply With Quote


futures io > > > > Richard Koo On The 'Temporary' Period Of Good Data....

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
Richard Koo On Why Europe's Austerity Will Cause Deflationary Spiral Quick Summary News and Current Events 0 December 12th, 2011 02:50 PM
Credit Crunch That Richard Koo Warned Us About Has Arrived kbit News and Current Events 0 November 14th, 2011 07:38 PM
Gold Futures Slide 4.5 Percent on Good US Economic Data Quick Summary News and Current Events 0 August 24th, 2011 11:40 AM
Good source for put-call ratio data? furytrader Reviews of Brokers and Data Feeds 9 July 30th, 2011 05:38 AM
Richard Koo Demolishes Bernanke's QE2 "Gamble" kbit News and Current Events 1 May 18th, 2011 03:54 PM

All times are GMT -4. The time now is 03:52 PM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-20 in 0.08 seconds with 19 queries on phoenix via your IP