To the extent that a Phillips curve exists, it's a moveable feast. |
Warmer than normal Januarys have a penchant for producing surprisingly strong payroll numbers. |
We had a great run. After a market has had a big run, you either get a correction in price or a correction in time. |
We're accustomed to the insights of government officials being authoritative. Greenspan's comments may be wise, but they aren't actionable anymore. |
Well, I think the Federal Reserve has pretty much talked itself into another 1/4 point move on the Federal funds rate. |
You don't see the symptoms, and that's one of the puzzles of the moment. |