Supply-siders would have preferred Glenn Hubbard, |
Supply-siders would have preferred Glenn Hubbard. |
The bond market is at a ridiculous valuation, whereas the stock valuation is low relative to bonds. |
The bottom line is that it's best to look at what the companies are actually doing rather than pay too much attention to what they're saying. |
The market is higher, but we're not talking huge moves here. The market is looking at a plateau in the fed funds rate at or around 5%. |
The minutes didn't change the outlook for the interest rate moves priced into the market. The Fed is expected to raise the funds rate at least two more times unless economic data is released that will change this assumption. |
The short-term outlook for stocks remains positive. |
There was nothing too surprising in what he said. |
There's no real change in the rhetoric. He's talking about risks to economic growth, but within the overall context that monetary policy can respond. |
There's the potential for a positive surprise. But anything around or above 200,000 is a positive for the economy. |
They are saying that they are not convinced that the threat of higher energy prices is over, that they continue to worry about pricing pressure, and with a strong economy, they can keep raising rates. |
They seemed to reassure the market that the economy was OK after the hurricanes, but overall, I don't think there's anything new, and that's why the stock and bond reaction has been muted. |
This is a sound contradiction because CEOs should be the visionaries and CFOs should be the bottom line worrywarts, ... Financial officers should be worrying about all of the costs, the pitfalls and the risks. |
This is a sound contradiction because CEOs should be the visionaries and CFOs should be the bottom line worrywarts. Financial officers should be worrying about all of the costs, the pitfalls and the risks. |
This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations. |