Anthony Crescenzi
Anthony Crescenzi
begin fears financial issue looking resolution risks saying system
But the resolution of the issue may begin to alleviate fears about systemic risk?Today we should all be looking at our financial system and saying these risks are very low, very few, and that we have a financial system that is sound.
excess growth pointing report strong
The report is universally strong and is pointing to growth in excess of Greenspan's objectives.
alarming certainly favorable last trend
As alarming as this is -- and the trend is certainly not very favorable -- it's not like it was in the last recession.
context higher last released
In the context of the PPI released last week, which was much higher than expected, the CPI is a big relief,
conditions inflation
I think we have conditions in place now that could put off the tightening. Unfortunately, there is some inflation embedding itself.
clinton happened hurt market people report stock yesterday
In the morning, many people thought the Clinton report would hurt the stock market - but it happened yesterday and Wednesday.
businesses failed harmful higher industries money small taxed
The money channeled from failed industries to small businesses would be taxed at higher rates, and that would be harmful to the economy,
downside exhausted itself market
In a sense the market exhausted itself on the downside yesterday,
admitted cause fed greenspan market might news past reactions response sending signals sudden volatility
The Fed doesn't want sudden market reactions in response to news that might be difficult; they want to cause as little volatility as possible, ... Greenspan has admitted to sending signals in the past -- it's the way they operate.
comments either hoping people provides rarely rate signal
The comments don't hint either way really. People were just hoping for a signal about the rate move, and he rarely provides that.
debt happened recently reinforce sharp
It will reinforce what's happened recently in the debt markets, (the idea) that there's been a sharp underperformance in high-risk assets,
accurate align fed hopefully inflation itself needs strong trend unless view
The Fed needs to align itself with the inflation expectations of the market, unless it has a strong -- and hopefully accurate -- view about how the inflation trend is evolving.
borrow capital companies condition corporate economy higher income less meaning past profits rarely seen sensitive spending year
The economy is less interest-rate sensitive than it was a year ago because of income growth, and we have corporate profits higher than capital spending -- a condition only seen rarely in the past 40 years -- meaning companies don't need to borrow as much,
cause chinese credible equity fear good inflation social
The Chinese devaluation would be devastating to the equity markets, and it would be good for bonds, ... But that is not a credible fear right now. The inflation that would come from devaluation would cause social instability.