A torrent of public works spending and a windfall of liquidity moving into checking accounts from Postal Savings deposits could cause a huge increase in second-quarter gross domestic product, |
A torrent of public works spending and a windfall of liquidity moving into checking accounts from Postal Savings deposits could cause a huge increase in second-quarter gross domestic product. |
All the focus is on the one number and we're figuring . . . that we are going to see the CPI number actually turn out to be quite good at 0.1 or even flat on the overall, |
All the focus is on the one number and we're figuring . . . that we are going to see the CPI number actually turn out to be quite good at 0.1 or even flat on the overall. |
All the talk about U.S. current account deficits hurting the dollar has vanished from the markets. |
All this mayhem is very similar to what we have seen in Latin America and in Asia in recent decades. It is driven initially by inflation. This is what China must act to contain. So far, it has not. So the odds of a hard landing remain high. |
America works and the rest of the world doesn't -- that's our theme for 1999. |
By all accounts, this rally is being driven almost entirely by massive inflows of foreign investors. This has the hallmark of a bubble, with tons of investors piling onto the bandwagon. |
Canada is doing great -- both of the reports today were good news. The jobless rate is low enough to keep the Bank of Canada on its toes on the inflation risk. |
Company and economic performance in Japan is still disappointing and bank lending over there is retracting, ... This is a swell of money into the yen, but at this point I think it's a very speculative swell. |
Company and economic performance in Japan is still disappointing and bank lending over there is retracting. This is a swell of money into the yen, but at this point I think it's a very speculative swell. |
Even if they succeeded in slowing down China's growth rate from 10.2 percent to 9.75 percent, what difference would that make for your outlook for copper? It's an effort to buy space around the U.S. demands for a stronger yuan. |
I certainly don't see this as the beginning of the end for the U.S. dollar and I don't see this as the beginning of the beginning for the Japanese economy, either. A stronger yen is going to slow the Japanese economy down and a weaker dollar isn't going to have an enormous impact on the U.S., so it's not a major concern at the moment. |
In recent experience, any report that shows Germany's economy faltering has been bad for the euro, |
It strikes us both as brave and foolish to look for an improbable rate hike at this particular meeting. |