Lara Rhame
Lara Rhame
across continue data dollar economic remains rising seen solid strong support treasury yield yields
U.S. treasury yields are rising and we've seen that support the dollar across the board. The dollar remains strong on the back of solid U.S. economic data and expectations that the 10-year yield is going to continue to go higher.
behaves record seen surprise
We've never seen how this index behaves in a recovery; we've never seen it in anything but a downturn. It doesn't surprise me that we'd get record levels, now that manufacturing is recovering.
actual certainly clearly consumer equivalent number outlook output people remains seen translate understand
A lot of people don't understand that the ISM number is not actually an output number. It's the equivalent of consumer confidence, but for businesses. So certainly outlook has improved, but it remains to be seen how clearly that will translate into actual activity.
ahead bonds dollar euro forecast gotten markets optimistic seen signs size strength themselves
We've seen markets get ahead of themselves in bonds and in currencies as well. There are signs that markets have now gotten too optimistic about not only the size of the U.S. recovery, but the speed; our medium-term forecast is still very much of euro strength and dollar weakness.
ahead bonds dollar euro forecast gotten markets optimistic seen signs size strength themselves
We've seen markets get ahead of themselves in bonds and in currencies as well, ... There are signs that markets have now gotten too optimistic about not only the size of the U.S. recovery, but the speed; our medium-term forecast is still very much of euro strength and dollar weakness.
building case consumer finally growth income seen slow slowing spending strong
The consumer is finally winding down. We've seen income growth slow somewhat, and we have enough headwinds building that we can make a strong case for spending slowing markedly.
building case consumer finally growth income seen slow slowing spending strong
The consumer is finally winding down, ... We've seen income growth slow somewhat, and we have enough headwinds building that we can make a strong case for spending slowing markedly.
deficit dollar exists gloom market punishing size
I think a lot of gloom still exists about the size of the deficit and the market is punishing the dollar for that.
bottom call history shown simply soon tough
I think it's too soon to call for a bottom simply because history has shown us that with this currency, it's a tough bet.
claims combined data dollar focus modest morning trade
It is a modest dollar negative; the trade data combined with the claims data, but the focus this morning is very much on digesting the BOJ and on payrolls tomorrow.
board conference consumer everybody improvement jump last looking massive measure michigan sentiment
We had a massive jump in the Conference Board measure of consumer sentiment last month, and everybody will be looking for confirmation of that improvement in the Michigan survey.
asked hospital manager orders palm purchasing somebody
Look at the subcomponents -- what are inventories and new orders in this case? ... If I were the purchasing manager at a hospital and somebody asked me about 'new orders,' what would I count? Syringes? Patients? At a bank, what's 'inventory?' Palm Pilots? Mortgages?
downward focusing growth initially markets revision seem
Markets initially seem to be focusing more on the downward revision in growth than the upward revision to the deflator.
afford cut downside fed market markets pricing rate surprise
Market expectations have priced a rate cut in. When markets are pricing it in like that, the Fed can't afford to give a downside surprise in this environment.