Economic Recovery Taking Shape?
Source: U.S. News & World Report - July 31, 2009
July 2009

Maxwell Bublitz, Chief Strategist of SCM Advisors, was quoted in an article by Bonnie Erbe about the market’s expectations of a V-shaped economic recovery.

Quoted from U.S. News & World Report:

Max Bublitz, chief strategist with SCM Advisors, a money manager based in San Francisco, said the economy is still not gaining much traction just yet. He added that the rally could fizzle if people start to think that a sharp, so-called V-shaped recovery isn't in the cards after all.

"Consumers are doing what you'd expect, spending less and saving more. The government is trying to pick up some of the slack," he said. "But we could have a problematic second half of the year if people realize that this may not be a V-shaped recovery after all.

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