Bill Sullivan
Bill Sullivan
current deserves economic erosion greater impact longer money pattern persists perspective supply weakness
From that perspective alone, the current pattern of money supply weakness deserves scrutiny, particularly if the erosion persists into the new year. Essentially, the longer the pattern lasts, the greater the economic impact of this erosion.
looked places
We looked at probably 25 different places and narrowed it down to three. And this was one of them.
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Business firms are still unwilling to take advantage of this low rate structure. The failure to borrow could be a hint that business planners do not foresee a significant resurgence in the economy over the quarters to come.
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I first saw her in 1943. I saw her walking with the other girls on their way to the cafeteria. I thought she was really cute.
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If the economy continues to grow rapidly in March and April, (the Fed is) likely to raise that funds target again in May. So the market's been put on notice: Unless you see some overall moderation in economic activity, particularly in consumer spending, we're likely to see further tightening action down the road.
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If the equity market continues to retrench, then there's going to be quality flows coming into the Treasury arena that push bond yields lower,
next recovery strength tells
This tells us nothing about the strength of a recovery next year,
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What's going on in the Middle East is resonating more with investors now than it was a week ago, ... It's become very clear that the environment in the Middle East is (more) unsettled and that's introducing a new level of uncertainty.
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Everything has combined to push prices to new heights and if and when stock markets capitulate, you will have a tremendous bid for Treasuries.
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Even though the rising pattern in borrowing costs is a form of restraint, it is being offset by a surge in equity wealth as the stock market records consistent gains.
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The government now agrees, after three years of inquiry and millions of dollars, that the evidence in the original case proves the terrorist convictions originally rendered by the jury.
believe result risks strength underlying
There is a lot of underlying strength in this economy, and as a result we do believe there are some inflationary risks down the road.
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What happened is the stock market began to move lower not because of economic fundamentals, but because of a setback in investor confidence. This huge evisceration of wealth is being seen as a leading indicator of the economy. Against that backdrop, CEO perceptions of the economy's potential have worsened.
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Let's think back to what happened in Internet stocks. That was a bubble where there was a complete evisceration of wealth. That will never happen in the Treasury market, because it is backed by the full faith and credit of the United States.