Wall Street Webcasting has prepared and provided for you an exclusive
broadcast of Wells Fargo Securities own, Rich Gordon. Gordon is highly
recognized for his weekly narrates regarding the fixed income strategy
at Wells Fargo Securities (NYSE:WFC). This week, Gordon turns his
attention to the mixed global economic news.
There has been some burdens on aggregate global demand. During the
second quarter in the Eurozone, GDP growth was close to zero, and the
year over year growth rate fell to .7%. Both CPI and Core CPI in the
Eurozone are still below 1%. Perhaps the most troubling piece of
economic indications is that Germany is the powerhouse of Europe, and
its annualized growth rate fell to 1.2% during the second quarter. It
may take a few more concerning economic reports for leaders to realize
that they must amend the tightly bound monetary strings in the EU in
order to save it from a deeper recession.
There has been a recent vigor in the U.S. dollar and a deficiency in
broad commodities indices. The dollar has been trading higher and
commodities prices have been decreasing over the course of the summer.
The Commodity ETF has dropped over 8 % since June.
On the up side, the conflict in Gaza seems to be coming to an end.
Russia’s position to support the separatists in the Ukraine appears to
be shifting and forces in the Ukraine have reclaimed some of the
territory that was solicited by the separatists. With assistance of U.S.
air strikes, Iraqi forces have re-taken targets from Isis.
To hear a more in depth explanation of the daunting condition of the
Eurozone and the global effects that this could have, please tune into
Wells Fargo’s latest video.
Please visit the following link to view the video: