David Gilmore
David Gilmore
David Gilmoreis an American session jazz guitarist...
hike panacea rate
A rate hike will be no panacea for the euro,
carrying coins euro intervene message notes regularly sending support wrong
If the ECB has to intervene regularly to support the euro, it is sending the wrong message to the public, who will be carrying euro notes and coins in 2002,
aggregate anyone assess difficult due markets red
Markets become disorderly due to aggregate psychology. That's difficult for anyone to assess at any time, but you look for red flags, like significant overreactions to data,
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Lindsey will assure the strong-dollar policy is intact, even if O'Neill from a business standpoint at Alcoa knows the benefits of a weak dollar.
defined japan
In other words, Japan may now be in a technically defined recession.
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It's become virtually an unprofitable period for most institutions trading major currencies and government bonds. The real opportunity has come from commodities, global equities and emerging markets.
account concerns current economy month slowing
One month is not a trend. Just the slowing U.S. economy is not enough to quell current account concerns in the long run.
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Japan increasingly needs a weaker yen to counter falling foreign demand and increased competitive pressures.
across focused high higher interest market rates rather yield
The market is not focused on imbalances, but rather interest rates and in the US right now they are high and getting higher across the yield curve.
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Japanese individual investors continue to shun risk, and the notion of putting money into foreign assets is repugnant.
central european immediate threat
There is no immediate threat of intervention by the European Central Bank.
along dollar expansion expect fed foundation funds move treasury yields
While we have said all along that the foundation for the U.S. expansion is dodgy, as long as it is what it is, we expect to see the dollar and Treasury yields - and fed funds - move up.
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We have to start thinking about the Fed moving from a neutral to a more restrictive policy. I wouldn't rule out a 6 percent Fed funds rate if the economy stays hot.
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We are near a point this month that could see the early arrival of the weak dollar trade.