He's clearly knowledgeable about issues that affect Wall Street and he should be able to navigate Capitol Hill. |
His comments regarding productivity looked like copyright infringements from his old speeches, |
His testimony is apt to be consistent with the notion that the Fed is still in a tightening mode and inflation is rearing its head, |
Hopefully, perceptions will change. Collateral damage was kept to a minimum in Baghdad and the troops seem somewhat welcomed there. |
I believe the current decline in stocks could have a significant influence on the economy -- and hence, bonds -- if the stock decline is sustained. |
I believe the market has switched its focus, |
I don't see much behind it, |
I would venture to forecast that if the upcoming payroll report were to post a decline in the vicinity of 200,000 or so, the Fed might lower interest rates as early as this Friday. |
If interest rates can rise in Japan, where they have been suppressed by global disinflation for more than a decade, they can rise anywhere, |
If interest rates can rise in Japan, where they have been suppressed by global disinflation for more than a decade, they can rise anywhere. |
If it really is going on now, we'll hear more, rather than less, about it later. |
If oil prices fall, it will help to stimulate economic activity -- the profit outlook will be better and also lower oil would bring down costs, making stocks the better asset class. |
If sales are indeed strong and if the stock market continues its advance, a 50 basis point rate hike is possible at the February 2000 meeting, |
If the Fed is to achieve its objective of slowing the economy, they must consider the risk that their inaction on rates could spur growth before the economy has had a chance to truly slow, |
If tomorrow's bond auction shows similar poor results, as both yesterday's five-year and today's 10-year have, expect a sharp drop in the bond markets as a whole, and the long-end in particular, |