DEBORAH MARCHINI, CNN ANCHOR: Joining me to put the numbers in perspective for the trading week ahead is our featured guest, David Horner, senior financial strategist at Merrill Lynch. It's nice to have you back with us this morning, David.</s>DAVID HORNER, SR. FINANCIAL STRATEGIST, MERRILL LYNCH: Thank you. Good morning.</s>MARCHINI: We had the group of seven finance ministers met over the weekend. They seem to feel the economy is poised to get better. Do you think we're going to see a confirmation of it this week?</s>HORNER: I think they're pumping sunshine. I mean, they have to put a good spin on this. And I do think over time the economy will get better, because the U.S. will in fact begin to grow again. We've had six rate cuts, almost 300 basis points. We have a tax cut which will begin to affect the U.S. economy. But I think they're glossing over some major problems. I mean, Japan will remain in recession for quite some time as they continue to restructure their economy. Europe, in my opinion, the ECB is far behind the curve in lowering rates -- more concerned about inflation than they are in the slowing growth. So even as the U.S. picks up a little bit, it's still going to be slow growing around the world. We even have some emerging market problems.</s>MARCHINI: All right, David Horner, we'll be back with you in just a few moments' time. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Merrill Lynch's David Horner on Upcoming Week in the Markets