Anybody who is competing with an Asian supplier is going to have a real profit problem, ... We've seen a continuation of American corporations announcing either that their customers in Asia can't pay or that their competitors in Asia are cutting prices, so it's really tough on the industrial sector. |
I would say that core PCE is going to be a big focus at the beginning of the week, ... The PCE is important because that is what the Fed is focused on. |
It's quite probable that the Fed will follow through with another 25 basis points (rate increase), but the market would tend to view that as the last one, |
Now we are analyzing the changes before they even hit. |
The departing chairman will have done much of the hard work of tightening before the appointment of the new chairman. |
The evidence of the last four months is that they haven't tightened enough to kill the economy. |
The Fed may tighten anyway despite these favorable news announcements. |
This building just amazes me. |
We hardly ever get to see the finished project, so this was kind of a treat for us. |