Thanks to Stephen for sending me this clip the other day, it is an interview with Don Cox, Global Portfolio Strategist for BMO Financial Group, from Business News Network. He provides some insights into how long the turbulent stock markets will continue and the effects of the governments putting money into the banking industry. He also compares it to the last recession we went through in the 80’s.
This is great information for investors involved in anything from stocks to Real Estate, so be sure to pass it on.
Also, one reference he makes is to the TED spread. This is the difference between interest rates for three US Treasury bill futures and the 3 month Euro contracts. Rising TED’s indicate a downturn in the US markets.
BNN Interview with Don Coxe of BMO
Here is a follow up article about how long the financial crisis will continue that I wrote regarding the obstacles ahead of us for 2009,
How Long Will the Financial Crisis Continue?
We have some significant hurdles ahead and there will be everything from layoffs, to increased foreclosures and bankruptcy’s for individuals. Follow the above link to see what else may be in store.
Thank you so much for looking up these articles for us—they are very informative!!
Thanks Sally and Richard, it’s interesting to see some of the viewpoints from people like Don Coxe who is directly behind the scenes, versus the panic and fear headlines you see in the paper every day.
The situation isn’t great in many places, but Alberta is still in a very comfortable situation and this won’t be measured in decades but more realistically years and possibly months.