Kevin Giddis
Kevin Giddis
based basically coming effect enormity evaluate pay taxes towns wiped
The enormity of the storm's effect is something that is unprecedented. If you look at towns where basically all the infrastructure was wiped out, then you have to evaluate those based on who's coming back to pay taxes and rebuild.
assets attempt august baby companies ease funds growing insurance number pain pay pension since time treasury
For the first time since August 2001, the Treasury will attempt to ease the pain for pension funds and insurance companies who need long assets to pay for a growing number of baby boomers.
continue economic either heck impressed increases mark momentum rate recession surprised
I continue to be surprised and impressed by the U.S. economy. Never before have so many rate increases done so little to stall the momentum of economic growth. Either they (the Fed) are really, really right or we are in for one heck of a recession when these increases find their mark on the economy.
inflation percent
Inflation is still in check. We are not going to see 5 percent on 10-years.
current markets sync ugly
If it isn't in sync with the markets current leanings, it could get ugly in a hurry.
anyone comments deem focused high indicator market markets reaction remains traders
This indicator isn't very high on most traders 'care index' so the market reaction remains focused on comments by anyone who the markets deem as reliable.
appears bond market suffering
Right now, the bond market appears to be suffering from indigestion.
auction lunch might
If this auction doesn't go well, you might want to take a long lunch then go home.
aggressive costs fed full funds holding percentage point rate remain
The Fed must now remain aggressive in holding costs down which could take the Fed funds rate up a full percentage point in 2006.
doubt hang help longs might remember seriously tough week
It has been a tough week for the longs and I seriously doubt they will be able to hang on to today's gains, but it might help to remember that.
higher large likes lower portion required results yields
If the 'street' is required to own a large portion of this amount, it likes to have it on their terms, which usually results in higher yields and lower prices.
demand economy fed funds global inflation low rate rates remain strong
The Fed has pledged to keep the economy and inflation in check, which they're doing now, which will keep the fed funds rate going higher. Low inflation and global demand for U.S. Treasuries will remain strong in 2006, which will keep long rates low.
curve increase march telling
What the curve is telling us is that a March increase is a foregone conclusion.
fact few funds further group living longer plus requires yield
While this group is still a few years away from retirement, this plus the fact that Americans are living longer requires these funds to go out further on the yield curve.