The bigger bubble is actually in the financing of homes. |
The bigger bubble is actually in the financing of homes. Mortgage lenders have loosened their lending standards. Rather than telling a lot of would-be buyers, particularly in places like California, that they don't qualify, they're coming up with all sorts of so-called innovative alternative financing. |
The Fed stopped raising rates in 1995 and I think they will do so again in 2006. |
The Fed's going to be raising rates because it realizes that good times will be followed by bad times, ... To have a rate of one percent whenever we have bad times again is simply not prudent. |
the government is one of the choke points in the year 2000 problem. It's one of the areas where we could have disruptions that could in fact produce a recession. |
The market goes through these bizarre mood swings. All of a sudden, people are concerned that we're in a soft patch and that it may get worse before it gets better. |
The surprises should be on the upside. It all adds up to very good fourth-quarter numbers. |
There could be a severe recession. That doesn't mean there won't be life on the planet Earth in the year 2000, 2001 and beyond. |
These people could be in some serious trouble. |
What is really new in the commodity world is the extent to which hard commodities have been converted to financial assets through exchange-traded funds and hedge funds. |
When fixed-income investors conclude that the central bank isn't going to raise rates any time soon, ... there tends to be a convergence of rates. |
[And so Daiei keeps stumbling along, introducing competitive pressures that shouldn't be there -- prices fall and the entire industry struggles.] Deflation, ... is companies that are losing money not going out of business. |
[Investors should keep that experience of 1999 and early 2000 in mind when looking at the model.] The model is not a market timing tool, ... Stocks could stay undervalued for a while. |