CME Group chief economist Blu Putnam today discussed the market reaction to news in Europe, including what he expects from the oil market, with Sandra Smith of Fox Business Network. Putnam also shared his view of the chances of economic recovery in the United States:
“This is absolutely a real recovery. We’ve got a 3 percent (GDP growth) plus economy on our hands. Sure we had a little slowdown in jobs, but we had that the last couple of years. This slowdown’s not as much as before. Things are going fine.”
Read Putnam’s full paper, The Political Splintering of Europe, on the market reaction to Sunday’s French and Greek elections.