Battle Between Global Growth and US Tapering

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Aug. 23 (Bloomberg) – Lido Isle Advisors President Jason Rotman discusses why he thinks tapering may become a non-issue in light or rising economic numbers in China, Europe and the UK. . He speaks with Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Joining me is president of lido isle advisers.

You're looking at the battle between global growth and u.s. tapering.

Sarah doing a really superb interview there with larry, linzie, and john.

There is so much recovery talk that it would seem like we are on the other side.

I think my team is pretty much that going forward, global growth will trump the tapering of bernanke and company.

What happened historically over the last two months is that we have seen the s&p have a sharp move down for 48 hours after they hear the word "tapering" in a bernanke speech.

But then right after that, the market comes right back up.

I think tapering might end up being almost a nonissue, especially when considering china, europe, the uk.

All these countries and their economic numbers are going up.

A short sharp shock down in the indexes for a few days, really.

I was trying to dramatize it a little bit.

It is not that bad, if you look at the index, does european and chinese growth support a 17% gain in the s&p? sure.

It is really not in a vacuum.

It is almost primarily the u.s.. the gdp is going up, the non--- payropayroll.

2% gdp growth, is that something to be excited about?

The markets are forward- looking and it is not about individual numbers, it is about trends.

The percentage is trending downward and that is what they are looking for.

This text has been automatically generated. It may not be 100% accurate.

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