BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: April 23, 2015
Thereafter, Jane King joins Todd on the show and he enquirers hypothetically that if she had been asleep for the past fifteen years and walked into the contemporary economy what would be her reaction. Jane states she believes that this economy is all about earnings. She continues on to state her gut feeling remains that the Greek debt problem will be solved in the near future and asks Bubba if it is baked in the economic pie. Bubba offers his opinion on Greek debt, adding that he feels the Germans would love to have Greece leave that Euro, but he also feels that it creates risk for the possibility of a domino effect whereby Spain, Italy or both may then follow suit, exacerbating the European economic woes to a greater degree. Jane concurs that the remaining debt-laden nations would be the major problem.
Bubba asks Jane about the national economy. She comments that the way Texas seems to know how to run a business. She also feels that California still seems to be surviving despite the state’s multitude of finaincial and resources problems.
Mike McGlone comments on the current market conditions. He maintains that the U.S. equity markets are being run by the Fed. He asks if the current market conditions can be sustained. Mike brings up the problems of recent market data. Bubba asks Mike how long does the economy stay data dependant. Mike comments on how the ten year note must be observed to see if there is any inflation in the market, and how that relates to economic data.
About Jane King
With 15 years of covering money news, Jane King has been bringing her audience not just breaking economic news but also “pocketbook” issues. The decisions moms make at the supermarket, high school students weighing various colleges, helping young couples buy their first home.
About Mike McGlone
Mike is Director of US Research at ETF Securities. In addition to writing the ETF Securities Precious Metals Weekly and his other research and strategy responsibilities, hes a frequent guest on CNBC, Fox Business News, and Bloomberg. Prior to joining ETF Securities, Mike was the Product Manager and head of commodities at S&P Indices where he led the development and oversight of the S&P Goldman Sachs Commodity Index.