[People aren't thinking about] a suicide bomber in a mall, what that does to retail sales, ... People don't think of (terrorists) as a worldwide contagion. |
A flattening yield curve typically is indicative of the bond market's view that the Fed as being less accommodative, |
If companies' cost of funding go higher, and they start to cut jobs and close plants, is that really good for the economy? |
Markets can be myopic and unless it's happening here it's like it doesn't matter. |