They are desperately concerned about maintaining inflation fighting credibility. So the Fed is not focused on inflation, it's focused on inflation in the future. |
This is a big leakage for our economy, ... We're at a very complicated situation with our economy. |
This is a big leakage for our economy. We're at a very complicated situation with our economy. |
This is a Fed that should be headquartered in Egypt, because it's in denial. |
This is a little bit like getting a bigger-than-expected package in a much prettier wrapping and huge bow, but you open it up and it's exactly what you thought you were going to get. |
This is an economy that is giving contradictory signals. You don't have companies willing to build inventories, which show that they don't have a lot of confidence. Retailers are pumping sales by discounts, but you can't inflate confidence. |
This is in line with what Mr. Greenspan has been telling us, which is that we have price stability for goods. But he says he doesn't think we have price stability for services. |
This is not a fluke, |
This is the way inflation gains a toe hold, |
This is very, very much in line with the idea we're slipping into a recession. |
This is what the market did in 1974, ahead of a slowdown in 1975, and the Fed continued to hike rates in the face of marginal data turning worse, ... I don't see where the Fed sees 'traction'. |
This is what the market did in 1974, ahead of a slowdown in 1975, and the Fed continued to hike rates in the face of marginal data turning worse. I don't see where the Fed sees 'traction'. |
This market is wiling to brush away bad news because it doesn't believe in it, ... Compare it to the Three Little Pigs, when there's a warning they say 'we've heard this before.' But one of these days, there is going to be a warning that the market should have listened to. |
This market is wiling to brush away bad news because it doesn't believe in it. Compare it to the Three Little Pigs, when there's a warning they say 'we've heard this before.' But one of these days, there is going to be a warning that the market should have listened to. |
This really muddies the waters on jobs, ... I continue to see a lot of labor market distress, and I am more impressed by the sudden weakness in the Challenger report than by the rebound in the cantankerous ISM. |