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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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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That crisis is stabilizing now so I think some of the attention in the markets will come back to that report.
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Greenspan is giving the markets a reality check. Good for him.
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The culture of the chairmanship is to be the dominant voice in the Fed. If you have a weak chairman . . . the markets could be very unsettled.
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Along the way, there also have been major innovations and probably his best one is transparency: Recognizing the need to communicate continuously with markets in deciding how policy will be formulated.
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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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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.