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IPFS News Link • European Union

Blain Warns "It Could Get Pretty Rough Out There" Despite EU Cheerleading

•, Tyler Durden

My spidey senses are tingling. I have a feeling this is going to be an "interesting" week for markets. The virus, and the government responses toward it, look likely to remind us just how destabilised economic growth has become. We'll be getting the Fed response on how US growth may be stalling on Wednesday versus expected better European numbers on Thursday.  Q2 numbers may yet disappoint. I suspect the current cosy global recovery expectations consensus will be shaken by rising hotspot outbreaks across the US, India and even Asia.  Add in likely earning shocks from global plane makers reporting this week, (Boeing accounts for around 1% of US GDP on its own), plus increasing political uncertainty over the US election.. and then ponder what this morning's record Gold price in Asia means… It could get pretty rough out there.

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