15 ordspråk av Jim Glassman
Jim Glassman
Because the event happened, people will tend to attribute the slump it to Greenspan, but the market had a bearish bias as it was and we're the middle of a big refunding week.
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He does speak more like a professor. He's a straight shooter.
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I think we are looking for a pretty good prospect for a rebound next year.
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If rates rise it's because the economy is getting better.
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It looks to us like after a slowdown in the fourth quarter, spending is picking up in the first.
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It's hard to picture a smoother transition really.
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It's not really a surprise. It just tells you they've dug a lot of holes. I think it's mainly a weather distortion, and we'll see a big payback.
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The data reinforced the view that the Fed may not have to tighten much more and relieves anxiety about inflation.
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The market moved up rapidly, and it needed a pause.
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The market thinks, and I think, that the hikes are almost over ... one or two more moves, what's the big deal?
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There's a 50-50 chance that they pause. I think the economy was already in the process of slowing and the dislocations to the energy sector will be fairly significant. There's reason to be cautious and play it by ear.
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We certainly don't want the thing that goes down, disappears and then goes back up because, first of all, there is a huge amount of uncertainty around that.
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We've come so far. Holding onto gains from yesterday's rally is impressive.
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When I hear (about a housing bubble) I get the sense that people aren't connecting the dots.
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You get the impression we're pretty sanguine about the broad economic outlook.
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