Alan Ruskin
Alan Ruskin
asset change surprise
Would it surprise me that they would change their whole asset allocation dramatically? That would be more surprising.
deficit early fits peaked signs suggest views
It is too early to suggest the deficit has peaked but it fits with Greenspan's views of the early signs of stabilization,
assessment doubt impact profound region risk
There should be no doubt that instability in the region should have a profound impact on the long-term risk assessment globally.
change generate language likely pace slower speeding
We read any change in language as more likely to generate a slower pace of tightening than a speeding up in tightening to 50-basis-point increments.
bond cheerful market peculiar plenty seem situation
We have a peculiar situation in which the shoppers seem to feel there is plenty to be cheerful about but the bond market is much more cautious.
black carries inflation less likely policy problem risk targeting
The problem with inflation targeting is that it carries with it a risk of less flexibility at times, and that could be problematical. But it also makes policy less of a black box, so policy is likely to be more transparent.
impending indicative orders overall recovery south trend
The overall trend in orders is going to be south over time, ... I wouldn't use this as indicative of some impending recovery in the manufacturing sector.