Greg Valliere
Greg Valliere
late microsoft people talked yesterday
Even people who don't like Microsoft we talked to late yesterday were shocked,
open season view
Right now, it's open season on him. Most Republicans view him as a liability.
best conclusion job selling snow tough wall
My take is that they know they've got a tough selling job ahead, ... I think they have to sell it (the policies) to Wall Street, to the capital, and to the public. The administration's conclusion is that Snow isn't the best salesperson for the job.
positions seems street taxes trade wall
On one hand, he seems more palatable to Wall Street than Dean, in that his positions on trade and taxes are more moderate.
agree budget coming congress cuts inability next pile spending stories surplus tax therefore
One of the big stories coming out of this is the inability to get anything done in the next two years. Therefore ... the budget surplus is going to pile up dramatically because Congress won't agree on big tax cuts or big spending hikes.
hill hurt seemed
O'Neill's gaffs have hurt him. There aren't a lot of Republicans on the Hill who like him. But he seemed to have the president's confidence.
against budget departure impediment stimulus worried
O'Neill's departure removes an impediment for a big stimulus package, ... He had been lobbying against a package, worried about a budget deficit.
bad clearly economy expecting good jason labor markets number people secretary sending signal underlying wonder
Things aren't as bad as Jason (Furman) said but they're not as good as the labor secretary said, ... The markets clearly were expecting a better number than 96,000. You've got to wonder ... are corporations sending us a signal that the underlying economy is not as good as people thought?
markets quick viewing
Right now the markets are viewing this as if it's going to be quick and painless.
clear clue fed might prepared statement
The wording of the statement will be very significant ? does it make it clear that the Fed is prepared to do more. It will be an important clue about what we might get going forward.
bubble close concerned economic fed full growth housing market occasions percent possible rare
We should have economic growth of more than 3 percent this quarter. I think the Fed is concerned about a possible housing bubble and about us getting close to full employment. I think this is one of the rare occasions were the market has it wrong.
congress stay
A lot of actions, like going after the drug companies, will never make it through the House, ... Congress is hawkish, period, and will stay hawkish.
concern good growing house job white
There's a growing concern that the White House is out of touch. He has to show more empathy, and he hasn't done a good job on that.
comparable delay markets perceive talking temporary
This is not comparable to 2000. If we were talking 3,000 or 4,000 votes, it'd be a big story. But I think the markets will perceive this as a temporary delay of the inevitable.