New Zealand Silver Mellon Asset Management's vice chairman Jonathan Little In an interview with CBN interview yesterday, said that compared to the United States, he was more worried about the road to Europe's economic recovery difficult.
Little said that the current global financial crisis has been far less prior to the strong, the U.S. market, the industry's basic share the view that the U.S. economy had bottomed out. From the capital market, the trend can be very clear answer. He said that the capital market movements are usually one step ahead than the real economy, and now the U.S. capital markets have been falling out of the previous shadow gradually rebound, which means that the market's confidence in the U.S. economy has been much better than before the crisis of grave moment.
But, Little also said that although the U.S. economy has bottomed out, but still have a lot of worry about the inevitable. Little said he was most worried about the current problem is that every Government in the United States and the global financial crisis has just been adopted by the outbreak of the economic stimulus policies moment to stop, resulting in the economy has just dropped again after the Qi Wen. "But the government's stimulus policy is impossible to go on forever, so this problem is widespread concern that the government is currently the world's major problems."
The talk about a time when the European market, Little said that worry even more. He said that the United States, the world's most developed economies in the region the biggest problem currently facing the economic structure adjustment, while the European market, not only to face this, but also need to face is the single currency mechanism for the European market, resulting in national Government in addressing the economic problems of their respective countries when the non-coordinated, while the high-tax regime in Europe is also to economic recovery very difficult. |
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