Richard Berner
Richard Berner
either higher move rates remarks timing year
Greenspan's remarks will be significant, either because of what he does say or what he doesn't say, ... They will move rates higher this year but the timing of that may have changed.
decline drop likely looks sales vehicle
It's likely we got a decline in sales. We've had a drop in vehicle sales and it also looks like back-to-school was on the disappointing side.
change changing constant employment five guess jobs keeps nature technology work
Change is a constant of the U.S. employment picture. New technology keeps changing the nature of work and the nature jobs. I can't tell you what new technology will have spawned new jobs five years from now, but my guess is there will be one.
close
It's a close call, a very close call.
believes consistent current policy price
Certainly, current policy is ultra-accommodative and no policy-maker believes that it is consistent with price stability,
change faces investors learn means monetary policy street wall
Investors on Wall Street are going to have to learn a lot about these new faces before they feel comfortable. I don't think this means any change in monetary policy but there are new people.
energy erase fall feeling growth improve mix prices
Energy prices will have to fall substantially and growth will have to improve to erase the feeling that the growth/inflation mix will be unpleasant.
comfort fed higher inflation somewhat truly wants zone
The Fed truly wants to get inflation somewhat higher -- back into the comfort zone. Why not say where that comfort zone is?
account budget current deficits expanding market pay
With the current account and the budget deficits now expanding together, market participants may pay more attention.
ensure fed inflation move perhaps promptly require risks stay upside
Upside inflation risks may require that the Fed move promptly and perhaps a little more forcefully to ensure that inflation and inflation expectations stay low.
crude farms hold people price tank
Why should people hold crude in tank farms if they think the price is going to come down?
earnings fearing people surprise
With many people fearing a profitless recovery, earnings will probably surprise to the upside.
bust consumer spending worries
Worries of a housing-led consumer spending bust are overblown.
abroad dollar earnings global good growth help policy spur weaker
Ultimately, a weaker dollar will spur policy shifts abroad that will be good for global growth. Ultimately, that will help earnings as well.