Europeans' cries are falling on deaf ears. Their wish that the euro not bear the burden of readjustment will not make it into the G7 statement. |
Even if the Fed got very concerned about these headwinds -- business investment, consumer confidence, stock market frailty -- they'd be asking themselves if cutting another 25 basis points [one-quarter percentage point] would do any good whatsoever, ... That I seriously question. |
Even if the Fed got very concerned about these headwinds -- business investment, consumer confidence, stock market frailty -- they'd be asking themselves if cutting another 25 basis points [one-quarter percentage point] would do any good whatsoever. That I seriously question. |
Every time you see a number that shows prices decelerating, immediately you have to think of sluggish re-hiring, ... It means companies will still be closely guarding the bottom line and will be slow to add to labor. |
Every time you see a number that shows prices decelerating, immediately you have to think of sluggish re-hiring. It means companies will still be closely guarding the bottom line and will be slow to add to labor. |
Everybody has to learn a little more economics than they want to learn, now that we're drawing more and more of a distinction between actual GDP and final domestic demand, which is GDP minus inventories, ... Inventories can surprise. It's hard to make a solid forecast about them, and the Fed said that. I think the market continues to overestimate Fed rate cuts. |
Everybody has to learn a little more economics than they want to learn, now that we're drawing more and more of a distinction between actual GDP and final domestic demand, which is GDP minus inventories. Inventories can surprise. It's hard to make a solid forecast about them, and the Fed said that. I think the market continues to overestimate Fed rate cuts. |
Everybody is spinning it in their own direction, ... The end result is the same trends remain in place: dollar weakness, euro strength and the yen strong, but not so strong as the euro. |
Everybody knows they (investors) want to buy high yielding currencies and the yen still seems like the best currency to sell to fund that. |
For the Fed, productivity is the antidote to inflation, and that's still very strong. It's inconceivable that the Fed would tighten in four out of its next five meetings. |
For the past year and a half, the consumer has defied a recession and Sept. 11 and kept spending at a healthy pace. |
Given that the economic data will be strong, people will wonder why the Fed is not moving, which could cause some volatility in the markets. But we think the Fed will remain on hold for quite some time. |
Greenspan's perfectly fulfilled his mandate, ... And there are a couple of things he couldn't have manipulated even if he'd wanted to [such as] Enron and WorldCom -- these are things that the Fed can't possibly have been prepared for. |
Greenspan's perfectly fulfilled his mandate. And there are a couple of things he couldn't have manipulated even if he'd wanted to [such as] Enron and WorldCom -- these are things that the Fed can't possibly have been prepared for. |
I don't see future hiring robust enough to alleviate a lot of concern on the part of consumers. We've stopped shedding jobs, but over the next two quarters, we won't see very much job growth. |