84 ordspråk av David Wyss
David Wyss
It is rather encouraging that the Fed is pointing toward a pause after the May hike. A lot of us were getting concerned that the hikes would continue into June and August. And one of the problems is that what the Fed does now affects the economy a year from now.
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It looks sort of in line with expectations, with some strength -- for example a rebound in communications and machinery, but also some disturbing continued weakness in the computer sector.
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It was one of the worst days in U.S. financial history, and he dealt with the repercussions very well.
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It's Newton's law of currency: Any overvaluation will be followed by undervaluation.
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It's not leaking into the core inflation rate as it did back in the 1970s.
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It's the '90s all over again. New technology, it's exciting, people think it's going to the sky, and people are paying accordingly.
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My guess is things will cool abruptly; the question is do they do it by June 29.
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Natural gas is definitely a problem. If we have a mild to normal winter, we are OK. But if we have a colder winter than normal, we just don't have enough natural gas.
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Other than autos, the rest of consumer spending is doing OK.
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People see energy prices going up and they get a little worried about what they can afford to spend money on.
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Politically, I wouldn't raise rates on the 20th. Raising rates when you are trying to recover from a disaster like this is sending the wrong message.
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Somebody was going to have to slow the (U.S.) economy down and Asia is now doing the Fed's work for it.
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Somebody was going to have to slow the (U.S.) economy down and Asia is now doing the Fed's work for it.
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That's what people say but probably not what they do.
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The bottom line is that we had a very strong quarter of growth.
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