Bill Davison
Bill Davison
'Wild' Bill Davisonwas a fiery jazz cornet player who emerged in the 1920s, but did not achieve recognition until the 1940s. He is best remembered for his association with the bandleader Eddie Condon, with whom he worked and recorded from the mid-1940s through to the 1960s...
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The jobs numbers will be less reliable. If they are stronger, people will say it's because people had to hire more workers because of Katrina and it's only temporary. And if it's weaker people will also say that it's Katrina-related, ... The Fed's job has just gotten harder.
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The correction somewhat mutes inflation concerns. The market is looking in one direction today and that's for slower growth.
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There's a joke in the fixed income world that the PPI and CPI excluding everything is zero. But you can't really discount everything, ... I'm not trying to be alarmist but the market is underestimating the inflation risk in the economy.