Video Reports

Embed this video

Copy Code

Link to this video

Get LinkEmbedLicenseRecommend (-)Print
Bookmark and Share

By Jason Stipp | 11-11-2010 03:50 PM

Five Stories We've Heard Before

Morningstar markets editor Jeremy Glaser is hearing echoes on the European debt crisis, aircraft delays, and holiday hopefulness.

Jason Stipp: I'm Jason Stipp from Morningstar and welcome to the Friday Five.

After a rough, volatile three years in the market, some recent headlines suggest that the more things change, the more they stay the same.

Here with me to report on those stories is Morningstar markets editor, Jeremy Glaser.

Jeremy, thanks for joining me.

Jeremy Glaser: Always a pleasure, Jason.

Stipp: So what do you have for the Friday Five this week?

Glaser: Well, this week we're going to take a look at the G-20, at Cisco, at European debt, aircraft woes, and finally a sneak peek at the holiday shopping season.

Stipp: G-20 in the news, especially with the Fed's recent actions last week. What do you see on that front, and what stories is it telling that maybe we've already heard before?

Glaser: The G-20 meeting, everybody is all smiles and saying that they're going to get a lot of cooperation, but really some of the key issues of how we're going to handle currency valuation and how we're going to handle trade imbalances are really at an impasse.

The United States thinks that China needs to let its currency rise even more than it has. China thinks the United States should not be doing this Quantitative Easing and lowering the value of the dollar to try to solve the imbalances that way.

It's not something that's going to be easy to solve, and it's an old problem. We've been trying to figure out what a good global exchange rate mechanism is for years, with so many countries pegged to a dollar currency. Their currencies are pegged to the dollar. It's challenging thing to fix. I don't think it's going to happen at this G-20, but it's good that they're having the conversation, and moving the ball forward on that one.

Read Full Transcript
{0}-{1} of {2} Comments
{0}-{1} of {2} Comment
  • This post has been reported.
  • Comment removed for violation of Terms of Use ({0})
    Please create a username to comment on this article