This is a pretty good number, still consistent with the view that the economy continues to improve slowly but surely.
More Quotes from Christoph Bianchet:
We're still reluctant to buy into these stocks, even if they fall considerably. They might have turned the corner in the broadest sense, but the balance sheets are very stretched.Christoph Bianchet
We now really have reached a level where it's cutting through fat and actually reaching bone in terms of what people can bear.
Christoph Bianchet
It certainly increases the risk that the second shoe is going to drop. This bridge is not going to hold and the risks have increased dramatically.
Christoph Bianchet
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