JVB BSullivan-Econ-Comment-120809

Broker Dealer / Institutional / Advisor Use Only December 8, 2009 ABOUT Circular reasoning at work? BILL SULLIVAN One of the amazing attributes of the William V. Sullivan, Jr. earnings growth to justify current equity serves as Chief Economist 2009 market environment has been the valuations may never arise. at JVB Financial Group, outsized impact that the exchange value of An additional consideration for working closely with the the U.S. dollar has had on the valuation of investors, even if the signs of a recovery firm’s trading desk, other financial assets. This relationship is prove legitimate, is the fact that there may be providing analysis and commentary on the U.S. centered on the perceptions that institutional a huge obstacle to a prospective acceleration economy and the financial investors have regarding the status of Federal in overall economic activity. Specifically, any markets. Among his duties Reserve monetary policy. In its simplest sense that the U.S. economy is poised for are authoring a weekly form, any data input that points towards a sustained gains will create an increasing report on credit market weak or sluggish economy are viewed as trends and maintaining a potential that yields on outstanding Treasury regular schedule of keeping the Fed on hold for an extended securities could escalate in a dramatic conference calls that focus period. The maintenance of a historically fashion. Clearly, as the expansion process on interest ...