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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We did not play our style of basketball and we need to rebound and play defense. Things just spiraled out of control the third period and we weren't able to get back in the game. On top of that, Hollidaysburg is a good basketball team.
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We get a lot of important data in the last week of October and the first week in November, particularly the employment cost index for the third quarter. That's going to be a key indicator for the Fed. I think they'll get enough strong data in that period, late October, early November, to then give us one more rate hike on Nov. 16.
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Well at least we are healthy. But once again we were doomed with a slow start in the first and third quarters. That doesn't cut it. We dug ourselves a hole we couldn't get out of.
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The fourth quarter... that's still partly the good news of 1997 and that was truly a good news year. The question is what happens in the first, second, third and fourth quarters of 1998 and I think that's a deteriorating process.
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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.