News
Europe Crisis Key Risk to US Lies in Emerging Markets Impact
www.bloomberg.com
[Bloomberg] - Yet as the economy has recovered over the last three years, increased exports have accounted for about 45 percent of GDP growth, says RBC Capital Markets chief US economist Tom Porcelli. “That's an enormous number for something that accounts for such a
Porcelli: QE3 has a Wall Street hurdle to jump
www.marketwatch.com
[MarketWatch] - Despite Ben Bernanke's "wait and see" testimony today, RBC Capital Markets puts high odds on QE3 launching later this summer, says Tom Porcelli. However, Wall Street's relative health actually poses a "significant hurdle" to more easing from the Fed.
GLOBAL ECONOMY-China cuts rates as global crisis deepens
www.lse.co.uk
[London South East] - 'Europe is still laying in the background,' said Tom Porcelli, chief US economist at RBC Capital Markets in New York. 'China cutting rates is seemingly a positive and Bernanke was neutral to slightly negative, but you have to put it all in the context
GLOBAL MARKETS-Stocks rise as China offsets Bernanke, gold falls
in.reuters.com
[Reuters] - China cutting rates is seemingly a positive and Bernanke was neutral to slightly negative, but you have to put it all in the context of the negative we are still dealing, which is Europe," said Tom Porcelli, chief US economist, RBC Capital Markets in
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