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Bergmann & Co International - Weak US Growth Raises Concerns.
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Posted On :
Aug-31-2011
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Article Word Count :
376
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Bergmann & Co International: Investors are coming to terms with the prospect of weak US growth for longer than expected.
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“Bergmann & Co International” says that last week’s actions by the Federal Reserve vindicate its long-held theory that the economic recovery in the US had little or no basis in reality.
In a mid-week alert to clients sent after the US Federal Reserve pledged to keep interest rates at their current record lows until 2013, Stephen Walker director of equities research at “Bergmann & Co International” wrote, “Yes, markets bounced on the news but investors are wary since the Fed wouldn’t have taken such unprecedented action unless they suspect that a sustainable, tangible economic recovery that benefits both Wall and Main Street is a dot on the horizon.”
The “Bergmann & Co International” communiqué advised clients to remain calm in the face of a wave of selling in equities and other risk assets including most commodities.
The consumer confidence report released on Friday showed that consumers in the US are more pessimistic than at any time since 1980 adding to fears that the nation could be headed back into a recession.
“We think that, regardless of its popularity or lack thereof, QE3 will be unleashed on the markets. The last two rounds didn’t produce much ‘bang for the buck’ spent but they did fuel the illusion of recovery. For politicians, that seems to be enough,” said a “Bergmann & Co International” source.
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Bergmann & Co International: Investors are coming to terms with the prospect of weak US growth for longer than expected.
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Article Source :
http://www.articleseen.com/Article_Bergmann & Co International - Weak US Growth Raises Concerns._78405.aspx
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Author Resource :
http://www.bergmannco-international.com
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Keywords :
Bergmann & Co International, Bergmann Co International, Bergmann,
Category :
Finance
:
Stock Market
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