Investment Bank

LLA recent season of corporate reports in the United States generates optimism, but the economic slowdown in that country still overshadows such results, in accordance with their economic prospects for the fourth quarter of 2010. Thus, the Danish origin, specialist in negotiation and Investment Bank, expects weak final sales in the second half of the year and early 2011, while continue to keep the unemployment rate below 10% in the last period of 2010. The possibility of avoiding this risk depends on that is capable of sustaining the extraordinary growth rates of corporate profits registered in the first quarters. According to Saxo Bank, the problem is the performance of benefits comes now exclusively from a single source: the expansion of the margins, and while productivity gains can only boost the income up to a certain level, by what sales will be the protagonist in the coming months. The Bank expects that the spending at the local level and State continue a downward trend, since those responsible politicians are making effort to adjust their budgets. While in general means that the recession ended in the summer of 2009, this is still a reality for State and local governments. Revived fears of a double-dip, to measure that were evident signs of deceleration of the US economy during the third quarter.UU., as anticipated in our annual prospects for 2010.

We hope the growth slow down completely in the fourth quarter of the year with the indebtedness of the consumer, the contraction of the manufacturing sector, while investments will be affected by the weakness of the housing market. Unfortunately, the risk of a double-dip in the coming quarters is significant, under our view. said David Karsbol. Under this scenario, the Outlook for the fourth quarter are focused in the following areas: financial markets: the improvement in the corporate benefits It generated some optimism in that period, however, this will not be of help to consumers, overwhelmed by debts, or for Governments, stressed by deficit and disinflation rates.

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