David Jones
David Jones
Twentieth-century British Modernist poet and painter who is best remembered for his long poem "The Anathemata." His other works include "In Parenthesis" and "Cara Wallia Derelicta."
ProfessionPoet
Date of Birth1 November 1895
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(Greenspan) cut rates three times last year, but he said that the conditions that required those cuts are no longer with us. So the outside limit to what he is going to do is three hikes. My guess is that you will only end up with a couple of them, a quarter-point at the end of this month, one in August, and maybe one in October.
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Nothing in these numbers would change the outlook for Fed policy, which is to tighten credit and to try to encourage market conditions that would slow growth to a more sustainable pace this year. The report leaves the Fed on track for a quarter-point hike in February, but there isn't the kind of urgency to warrant a 50 basis point hike.
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Clearly, the Fed is in the midst of a series of easing steps and is prepared to ease further if necessary to counter unstable financial market conditions or slower growth.
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I think actually the Clinton presidency is going to be hurt enough so that he is going to have more trouble coming through with that contribution to the IMF.
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It has been a great story -- strong growth and no inflation and low interest rates, but my bet is that one area that will be a little bit of a challenge to stocks will over time be interest rates.
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I think we are moving into a very, very dangerous situation whereby we could even come to the stage of a complete confrontation between the Orange and the army and police,
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It is a Microsoft market today. People have had the weekend to think about the government's plan to break it up. We're still looking at a strong economy and there's room for some buying - at least today, bulls are back.
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I think there will be one more quarter-point hike and then the Fed will go on hold for the rest of the year.
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Last summer, there was a meeting of the elders of the tribe at Marty Epstein's house. We were told the theater was in financial trouble and needed new energy and new money.
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Without any question, the Fed is vastly different now in terms of openness and transparency. Greenspan's theme has been the more markets know, the better.
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We are the industry's largest performance-based fee shop. We are more willing to put our money where our mouths are.
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I think his calculation is we have some further distance to go in the correction and banks need to be careful
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Jobs cuts tend to lag the process. You've had an inventory correction (that) may be getting near the end, you still have to superimposed investment boom/bust cycle that has been taking place, and there's still a process squeeze.
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My colleagues are aware of the Australian inquiry and we will consider any allegations ... that implicate UK companies or individuals in any suspected corruption of overseas officials.