I felt the market was dying, ... I didn't want to be a caretaker for a dying business. |
If U.S. bonds seem rich to global (mainly Asian) investors in currency terms as the dollar appreciates, they will take profits on the appreciated assets. |
It's a natural, undisturbed trail, ... People can enjoy the different kinds of trees, plant and animal life, the stream and the bog it runs by. |
Most people really don't know we're here. But come fall, we'll have a regular meeting place [and] we'll make sure the times we meet on a regular basis are well-known. |
Shortly after he died, our board decided to name the new trail for him, |
The entire movement in yield has been accounted for by a change in inflation expectations. |
The group is young. This semester was just a lot of organizational [planning] [and] getting us to where we want to be. |
The implications are a bit worrying for spreads, particularly for the corporate market. The inversion means the market thinks the Fed has tightened too much and expects short-term rates to be cut by the Fed. |
The market thinks the U.S. economy will be stronger than they thought a few months ago. That's been the big surprise. |
The question becomes, are you going to answer the phone when [a potential acquirer] rings? |
When the yen falls against the dollar it changes the appetite of Japanese investors for U.S. bonds. Recently, as the yen has fallen against the dollar, dollar bonds look more expensive to Japanese investors and they buy fewer of them. |
You can literally do anything from any room in the house or any location in the world. |