American Gloom Is Not the Gloomiest
by: Paul Kedrosky
December 02, 2008
New chart from McKinsey global economic sentiment survey showing that North America, surprisingly enough, is actually among the less gloomy places on the globe with respect to thinking that the economy will weaken further from here. Maybe that shouldn't have surprised me, but it did.
Related Articles
|
Top Rated Comment Streams:
Numbers are net rating-
-
1.Hedged In660
- 2.
-
3.Smarty_Pants389
-
4.cos1000286
-
5.axelrod608273
More by Paul Kedrosky
-
Admissions of Spin at the NAR
on Jan 05, 2009
-
People Who Got Lost Suggesting Path Forward
on Jan 05, 2009
-
Is Financial History Bunk?
on Jan 05, 2009
-
Global 10-Year Equity Index Returns
on Dec 31, 2008
Most Popular
Most Read
Editors' Picks
Most Commented
-
Environmentalism May Face Major Setback in 2009 (82 comments)
-
Citigroup's Derivatives Reduce Bailout to a Non-Event (44 comments)
-
Sirius XM: An Equity Adrift (44 comments)
Investment Resources
Money Management
Research
Seeking Alpha provides these ads as a service to its leading contributors
Articles on related themes
Economy
- What Does It Mean When Stocks Rally on Bad News? Jan 06, 2009
- Growth vs. Value ETFs: The Debate Rages On Jan 06, 2009
- Re-Defining Risk: Five Investment Rules for 2009 Jan 06, 2009
- Keynes vs. Von Mises Jan 06, 2009
- The Case for Real Q4 GDP Growth Jan 06, 2009
- Will Obama's Proposed $300 Billion Tax Cut Be Enough? Jan 06, 2009
- Was Q4 2008 the Worst of It? Jan 05, 2009
- Did Fair Value Accounting Play a Role in the Credit Crisis? Jan 05, 2009
- Why Do Two Wrongs Have to Make a Political Compromise? Jan 05, 2009
- Paulson: The Exit Interview Jan 05, 2009
- Farewell to 2008 Jan 05, 2009
- Banks, Lending and the Economy Jan 05, 2009
- 7 Analyst Takes: Where We Are Now Jan 05, 2009
Bonds
- The Haughty Bond Market Jan 06, 2009
- Chart of the Day: Bonds' Reversal Jan 06, 2009
- Bond Expert: Monday Wrap Jan 05, 2009
- Junk Soars Again Jan 05, 2009
- Reports of Equities' Death Are Greatly Exaggerated Jan 05, 2009
- Bond Expert: Monday Outlook Jan 05, 2009
- Fed Watch: Starting the Year on an Ugly Note Jan 05, 2009
- The Law of Unintended Consequences: 20th Century and Beyond Jan 05, 2009
- When Will the Treasury Bubble Burst? Jan 05, 2009
- Stay Away from Treasuries - Barron's Jan 04, 2009
- Credit Started This Recession; It Will Also Help End It Jan 04, 2009
- Transitioning from Bonds to Gold Jan 04, 2009
- Shorting The Bond Bubble? Hold On Jan 04, 2009
Dollar/Currencies
- Preview from Europe: Stock Indices Brush Off More Dire Data Jan 06, 2009
- U.S. In the Midst of a Revolution Jan 06, 2009
- Nordson's FQ109 Forecast: Asia Headwinds, Solar Breezes Jan 05, 2009
- The Hard-Pressed Eurozone Jan 05, 2009
- EU's Ability to Combat Deflation Is Overstated Jan 05, 2009
- Weekly Outlook: Financials, Currencies, Soft Goods Jan 05, 2009
- Profiting From Bernanke's Super-Fed and Obama's Newer Deal Jan 05, 2009
- The Chinese Effect on the World's Currency Markets Jan 05, 2009
- Debunking the Gold Bears' Main Argument Jan 05, 2009
- When Will the Treasury Bubble Burst? Jan 05, 2009
- Risk Aversion Trading Expected to Return Jan 04, 2009
- M2 Money Supply Indicates No Shortage Jan 04, 2009
- U.S. Treasuries Are the Biggest Bubble of All Jan 04, 2009
Earnings
- Earnings Season Preview: Anticipate 'Pulled Guidance' Jan 05, 2009
- CBS Estimates Lowered on Exposure to Deteriorating Ad Trends Jan 05, 2009
- Earnings Preview: Expecting Positive Surprise From Immucor Jan 04, 2009
- Rick's Has Great 2008, but Fails to Provide Guidance Dec 31, 2008
- A-Power and AgFeed: The Importance of a Strong Balance Sheet Dec 31, 2008
- Morgan Stanley: Hit By Another Earnings Loss, Risk Reduction Provides Hope Dec 31, 2008
- Despite Rough Quarter, Nike's at the Top of Its Game Dec 30, 2008
- Paid Click Growth Will Benefit Google Dec 28, 2008
- Coach: Luxury on the Cheap Dec 25, 2008
- NYTCo. - A November to Forget Dec 24, 2008
- RBC Expects Weaker Earnings in Q4 for Canadian Pacific Railway Dec 24, 2008
- Radware Struggles to Comeback; Oracle's Maintenance Works in Recession Dec 24, 2008
- Jabil Circuit Struggling in Slowing Economic Environment Dec 23, 2008
- Free E-Newsletters
- Wall Street Breakfast -Sample
Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
- The Macro View -SampleSeeking Alpha - The Macro ViewMarket Outlook
- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Long Term, Financials Look Good by Michael Filloon
- Round 3 of the Recession: Main Street by Paul Fekula
Oil Price- Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning
- Oil Down 48% from Highs by Bespoke Investment Group
- Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon
Economy- Long Term, Financials Look Good by Michael Filloon
- Round 3 of the Recession: Main Street by Paul Fekula
- Reality Bites As Stocks Continue To Collapse by The Mole
- Investing Ideas -SampleSeeking Alpha - Investing IdeasCramer's Picks
- Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham
- Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham
- Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham
Long Ideas- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- The Long Case for Encore Capital by Value Investor Insight
- 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
- Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham
Short Ideas- Why Short Sellers Are the Heroes of Wall Street by Investment U
- Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle
- Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger
- Jim Cramer's Picks -SampleBetter Choices - Cramer's Lightning Round (10/15/08)by SA Editor Rachael GranbyStocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend. - Stocks & Sectors -SampleSeeking Alpha - Stocks & SectorsInternet
- eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman
- Is Google Feeling Lucky? by Sam Gustin
- Why Today Could Suck for Tech by Kevin Maney
Media- A Triple Financial Whammy Afflicts Newspapers by Ken Doctor
- Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld
- How Will Arbitron Fare in This Market? by Sreeni Meka
Telecom- Ten Ways to Invest in Louisiana by Stockerblog
- Earnings Preview: Electro-Optical Engineering by theflyonthewall.com
- Shared Docks Via WiFi All the Rage by Dean Bubley
Financial- Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson
- Reality Bites As Stocks Continue To Collapse by The Mole
- LIBOR Shows Worst Is Yet to Come for Credit Markets by Keith Fitz-Gerald
- Global Markets -SampleSeeking Alpha - Global MarketsChina
- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript
- Perfect World Announces Share Repurchase Program by Trader Mark
- China: Hot Money Inflows Down, Nervousness Up by Michael Pettis
India- Indian Economy Has Much to Cheer About by Equitymaster
- India: RBI Cuts Cash Reserve Ratio by Equitymaster
- India: Markets Continue Downward by Equitymaster
Japan- Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media
Asia- Four International Dividend Stocks to Watch by David Hunkar
Eastern Europe- Reality Bites As Stocks Continue To Collapse by The Mole
- Alternative Energy Investing -SampleSeeking Alpha - Alternative EnergyAlternative Energy
- Seven Stocks for an Impending Apocalypse by H.J. Huneycutt
- Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz
- Trina Solar Looks Good, Though Market Yawns by Trader Mark
- The Electric Car Market: Wise Energy Use Stocks by Tom Konrad
- Investing in the Power of the Sea
- ETF Daily -SampleSeeking Alpha - ETF DailySector ETFs
- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
New ETFs- First Trust Launches Infrastructure ETF with Global Reach by Index Universe
- Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla
Emerging Market ETFs- Brazil Is the Best of BRIC by Carl T. Delfeld
- Playing the Market in Difficult Times by Jason Hamlin
- The Daily Dispatch -SampleSeeking Alpha - Daily DispatchWall Street Breakfast
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
US Market- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
Housing & Real Estate- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono
Transcripts- TrueBlue, Inc. Q3 2008 Earnings Call Transcript
- Polycom, Inc. Q3 2008 Earnings Call Transcript
ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
- About Seeking Alpha
- About Us
- Contact Us
- What's New
- Readers Feedback
- Advertise With Us
- Contributors
- Contribute an Article
- Feature Your Book
- Our Contributors
- Anonymous Contributions
- Dispute an Article?
- Legal
- Terms of Use
- Privacy
- Copyright
This article has 3 comments:
-
bobbobwhite
-
119 Comments
Dec 03 11:40 AMChart is too basic and unsubstantiated (except the for origin) to be credible.
-
speculari
-
55 Comments
Dec 03 02:06 PM-
Mowog
-
67 Comments
Dec 03 10:48 PM