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LIGHTNING ROUND: More Fed stimulus won't impact growth

Tuesday, June 12, 2012 - 02:03

Jun. 12 - With interest rates across the board at multi-decade lows, Cumberland Advisors' David Kotok says more Fed bond-buying programs are unlikely to have a big impact on growth.

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David Cook -- at Cumberland advisors joins me now for lightning round of the US economy David fed up. Let's meet next week will they announced an infinite plan. I doubt it -- I don't think they do anything except talk. Leave themselves open in case they wanna add to stimulus in the future -- -- -- taking action. Well that's a harder ones. The US -- had a couple of months at which growth to slow it we'll worry about the employment situation. Now is -- enough for the Fed to act. That's a hard question I think the jury's out at six because you'll get seven in -- what stimulus should be added if needed later. That's how hard would it because they have the short term interest rates near zero to have the ten year treasury you wanted to match. Good -- that long treasury under three they've got the home mortgage three in a fraction if you put those rates much lower. I don't believe you get very much more stimulus. David what's your best investment idea ahead of it that it. Well I got ahead of the Fed meeting -- after that -- if you believe US economy. Is not going into the recession. You want to -- Americans stopped. If you think we're gonna have a recession -- in the thank you want track -- anything at the end here. I have a target of 1450 -- 15100. 16100 in two years 2000 by the end of the decade but that's based on and no recession forecast. At how the figured out that. You know I look at a one and a half for the ten year one point six I'd say the -- of -- I don't have any idea that could go nobody -- twelve gets it and. David coat check Cumberland advisors stated that you. You bad. I'd -- that -- right.

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LIGHTNING ROUND: More Fed stimulus won't impact growth

Tuesday, June 12, 2012 - 02:03