CNBC Fast Money Monday noon-1PM

CNBC Fast Money Monday noon-1PM

April 1, 2012 0 Comments

FYI: I will be on CNBC’s Fast Money Monday from noon-1PM EAstern time to discuss the China growth news released this weekend. As you know, many people are worried about a hard landing for the Chinese economy. The March PMI, released today, should help them exhale. The National Bureau of Statistics said on Sunday China’s official Purchasing Managers’ Index (PMI) jumped to an 11-month high of 53.1 in March from 51 in February, beating analyst forecasts of 50.5. My take: China is slowing some, maybe from 9.2% last year to 8-8.5% this year, but don’t hold your breath for a crash. I expect more gains in dollar-based security markets, including China, for the remainder of this year as the tsunami of liquidity created by the Fed since 2007 beaks through to global asset prices.

Hope you can be there.

John

John Rutledge

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