Global Boom or Bust?
With a U.S. stock market that can’t seem to gain its footing, investors are looking back to the old global growth story as the foundation for optimism in 2008. But a U.S. economic slowdown can still affect overseas markets, Tim Seymour said on Friday’s Closing Bell.
After the jobs report, the labor market is showing strains that could make it the “crisis point” of the market, Seymour said. And that could be what pushes down global expectations.
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