David Gilmore
David Gilmore
David Gilmoreis an American session jazz guitarist...
central european immediate threat
There is no immediate threat of intervention by the European Central Bank.
consider delay election fed late might summer until
More tightening is still needed. The Fed has to consider the election calendar. They can't delay until late summer or fall, when it might be politically more difficult.
caused future growth mountain paying pile public simply spending united works
Meanwhile, public works spending has caused a mountain of future liabilities to pile up, and without United States-like growth rates, paying them off is simply not in the cards.
countries federal hikes match rate struggling
Many of these countries are struggling to match rate hikes by the Federal Reserve,
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.
bank central europe european inflation swamped
Europe has double-digit unemployment and no inflation problem, ... Any European Central Bank tightening will be swamped by much more from the Fed.
cash companies european flush market share united
European companies are flush with cash and they want to own market share in the United States, ... They want to own the 'new economy.'
bias conditions early fed inflation labor last market oil prices remain retain tight until
We think that as long as labor market conditions remain tight and oil prices high, the Fed will retain an inflation bias which could last until early spring.
bounce caused substance
There was no substance to this rumor. Nonetheless, it caused a short-covering bounce in the yen.
deaf direction dumb pointing
You would have to be blind, deaf and dumb not to see that as pointing to a direction for the dollar.
hike panacea rate
A rate hike will be no panacea for the euro,
economic gaps policy somewhat
What we do know is somewhat reassuring, even if there are significant gaps in his international economic policy resume.
economy fed funds moving neutral percent rate rule start stays thinking
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.
defined japan
In other words, Japan may now be in a technically defined recession.