The markets would be perfectly happy with gridlock. |
The next few months are really crucial. If it's clear by the end of winter to most Americans that the economy has turned, the economy won't be a big negative for Bush. But it's a close call. |
The Red Sox won four games in a row after being down three nothing, so anything is possible,but I think the markets would perceive this as a long shot. I think at some point today (Wednesday) Kerry and his people get together and decide they don't want to be perceived as sore losers. |
The two candidates who had backing from organized labor got slaughtered last night. You have to conclude that protectionist arguments just aren't going anywhere. |
The Wall Street types want to make the United States attractive for investment, and a strong currency attracts investors. |
The wording of the statement will be very significant ? does it make it clear that the Fed is prepared to do more. It will be an important clue about what we might get going forward. |
There is a new climate in Washington. Even the appearance of impropriety can do in a career. |
There was a lot of speculation around [Washington] a week ago that something big could come, that the White House needed to trot out something bold ahead of the convention, ... I've talked to several people who've come away from this thinking it's unlikely. |
There's a growing concern that the White House is out of touch. He has to show more empathy, and he hasn't done a good job on that. |
There's an adage that the Fed cuts or hikes one time too many. |
They won't move on October 3 but, as you know, there's a meeting right after the election. If, during that period between now and November, the economy show signs of re-accelerating, and there's an inflation problem, they could move 25 (basis points) or 50 (basis points) if they had to. |
Things aren't as bad as Jason (Furman) said but they're not as good as the labor secretary said, ... The markets clearly were expecting a better number than 96,000. You've got to wonder ... are corporations sending us a signal that the underlying economy is not as good as people thought? |
Things aren't as bad as Jason (Furman) said but they're not as good as the labor secretary said. The markets clearly were expecting a better number than 96,000. You've got to wonder ... are corporations sending us a signal that the underlying economy is not as good as people thought? |
This idea that the Fed is close to done is very puzzling, |
This is not comparable to 2000. If we were talking 3,000 or 4,000 votes, it'd be a big story. But I think the markets will perceive this as a temporary delay of the inevitable. |