The August jobs report gave Wall Street just what it wanted. |
The Fed has always said that they look at domestic considerations. We'll see today if they mean it. I don't really think they will [raise rates], but if they do, it will cause tremendous market turmoil because no one in the market expects it. |
The Fed is very happy to see this kind of stabilization, but they're going to be worried about inflation and credit. Honestly, I think the Fed understands how fragile a position the economy is in because when you slow down this fast it sets a lot of stuff in motion. They want to get ahead of that and make sure it doesn't get worse. |
The Fed ought to like it [the producer price report], and personally I'm breathing a huge sigh of relief. |
The Fed's not worried about inflation, nor should they be. |
The markets are clearly disappointed. |
The price we have to pay for all this is someplace. Early in the century, we're going to see a real good old-fashioned panic of the kind we haven't seen in a long time. |
The rest of the world is not in good shape and exporting to them is a tough slog. |
There's a difference between being stable and starting to grow again. I think that's what we're hearing from companies, too - the worst may be over, but we really don't see the upside coming, and that's what these jobless claims suggest. |
There's no inflation threat out there. |
This [report] gives the Fed total latitude to do whatever they think is fitting. |
This is kind of capping a string of fairly strong numbers, and I'm even going to have to boost my estimate of fourth quarter GDP up closer to 3 percent. We know the Fed is sitting on the edge of its seat. It's going to make everybody a bit nervous. |
This is still very flat inflation. We do not have an inflationary worry. |
This may be what throws us into recession. |
Volatility should be expected. At some point, really low inflation is bad for earnings. If you can't raise prices you can't bring in the earnings Wall Street wants. |