Nobody's going to default in the U.S. Treasury market. The biggest concern I have is that not everybody understands that, and some people understand it better than others. |
Of course it's great for inflation. But, really, the market doesn't care about the numbers because they're not the payrolls report. |
On a real basis the trade deficit widened by over $1.7 billion for the month and places the trade balance on a trajectory that would likely reduce fourth-quarter GDP growth by more than 0.5 percent. |
Once a person is appointed, they are basically independent. If you're president, you want someone who would temper their criticism of you. |
People are breathing a sigh of relief and bought a few bonds and stocks. Everyone plays, everyone wins. |
People are focusing on the impact of higher energy prices on the consumer instead of focusing on the impact of higher energy prices on inflation. |
People are going to take advantage of the lower interest rates to buy big ticket items like automobiles. People are buying what's cheap. The impact occurs more in the luxury spending areas. |
People are trying to figure out how serious (the report); Homeland Security doesn't have anything on its Web site. |
Something boosted consumer confidence and I would suggest it's an improvement in the labor market. |
The big wild card becomes what the Fed does about it. That's why the bond market is rallying -- rather than concentrate on the inflationary aspects of higher oil prices, the market thinks the Fed will focus on the growth aspects. |
The current focus going into the employment report this week has much more to do with habit than anything based in reality. |
The data today suggests that there was only a temporary pause in this sector and that we can expect more growth going forward. |
The decline in the index was the result of another move down in consumers' view of their personal finances -- most likely as a result of the continuing high level of oil prices, the job outlook, another Fed rate hike and the continued negative remarks on the state of the economy during the run up to the election in November. |
The factory orders report shows that the first two months of the fourth quarter were not especially a great time for manufacturers. |
The Fed has again tried to be all things to everyone and ended up being nothing to nobody. |