Any attempt to bypass the markets, remove market incentives and replace them with government incentives sets us on the wrong path. After Nixon and Carter, I didn't think we'd make that mistake again. |
Ex-transport is only barely up, and the decline last month was only marginally revised, so it's a bit disappointing, because it marks essentially the fourth month with no orders growth at all, |
Ex-transport is only barely up, and the decline last month was only marginally revised, so it's a bit disappointing, because it marks essentially the fourth month with no orders growth at all. |
For the moment, the big thing is rebuilding and it's going to be hugely expensive and acrimonious. |
He does not want a rapid break in bond prices to snuff out the jobs recovery before it has a chance to catch hold. |
I would think that certainly some of the discretionary spending would drop. There will be those who think twice about driving at all. |
If they diversify from the U.S. dollar denominated assets, it would lower the value of the U.S. dollar relative to China's currency, the yuan, and make it more expensive for American companies to buy goods made in China. |
It appears the fear of temporary inflation pressures associated with disrupted energy supplies and rebuilding outweighed the fear of temporary economic distress, |
It appears the fear of temporary inflation pressures associated with disrupted energy supplies and rebuilding outweighed the fear of temporary economic distress. |
It does look like the economy is losing steam. After two years of Fed tightening, it's simply gotten more expensive to finance whatever it is you're trying to finance. |
It is difficult to make the case this index will continue to rise at a healthy clip. |
It's hard to imagine anybody having the backbone that Greenspan brought to the job, the ability to withstand months and months of criticism and stick to his guns. |
Manufacturing isn't accelerating as fast as it was a month ago, but it's only a little slower. The report still shows a healthy manufacturing sector. |
oil had a measurable impact on prices paid before the storm (Hurricane Katrina). Given the fact that we are now seeing energy supply interruptions the prices paid index will almost certainly be back above 70 next month, and it's very likely the headline index will fall further on weakness in both production and orders. |
Retail sales are expected to be down, but worry about Producer Price Index and Consumer Price Index releases Thursday and Friday could keep any bond market rally in check. |