Is just about everything negative in the world economy?

Zak Mir, technical analyst for ShareProphets.com, was joined by Tim Price, Partner and Director of PFP Wealth Management, to open the Tip TV Finance Show and discuss the non-farm payroll numbers being released today, the situation with China, a view of the global economy, as well as views on oil and the global mega-caps slowdown. September a 'no' for Fed hike as NFP won’t be above 220k With the non-farm payrolls being released at 1:30pm today, Mir noted that a value of above 220k will see the Fed acting on the data, however, Price commented that he doesn’t see it happening. West in similar position to Japan with ultra-low interest rates Price quoted a Japanese fund manager from 2000, who outlined how Japan was the dress rehearsal, and the whole world would be the main event. He continued to note that Japan’s position is very similar to that of the West, with no real proper productive endeavour from firms who are barely growing. Price added that central banks have painted themselves into a corner, with low rates and quantitative easing having very little if any success. Has China been blown out of proportion? Price highlighted the effect of China’s stock weakness on the global market, but believes it has been blown out of proportion by the media. He continued onto the 7% alleged growth rate, which he as many others scrutinises, and Price joked, if you say something often enough it must be true. Price finished by questioning that if growth isn’t coming from China, where is global growth coming from? Oil price recovery but remains volatile Mir noted the OPEC panic at the weekend in which they are likely to start to slowdown production, meanwhile, Price noted the recovery in the oil price, as well as its remaining high volatility. Usage of P&G tier 1-5 brands heading down Price commented on the fact that global mega-caps are experiencing a major slowdown in demand and are currently overvalued. Compared to that of Aldi and Lidl, he also noted how the major brands are pricy, and as a result of this more and more people are heading to cheaper brands. Major asset classes in US way off average of 6.5% Price moved onto another chart, which showed a large proportion of US stocks and bonds lying in negative territory, with all being way off the 6.5% long-term historical US equity return. In terms of personal strategy, Mir noted that forestry is about the only option, with Price agreeing that it has none of the equity market volatility, however, it is difficult to get into. Timber has no pressure on going off, as Price commented compared to other commodities, and he concluded it is a smoother and longer term investment. Tip TV Finance is a live video show, broadcasted weekdays from 10 am sharp. Based in St Paul's, in the heart of the City of London, Tip TV prides itself on being able to attract the very best quality guests on the show to offer viewers informed, insightful and actionable infotainment. The Tip TV Daily Finance Show covers all asset classes ranging from currencies (forex), equities, bonds, commodities, futures and options. Guests share their high conviction market opportunities, covering fundamental, technical, inter-market and quantitative analysis, with the aim of demystifying financial markets for viewers at home. See More At: www.tiptv.co.uk Twitter: @OfficialTipTV Facebook: https://www.facebook.com/officialtiptv