Richard Berner
Richard Berner
latitude question space timing
They will still go. Absolutely. Definitely. There's no question about it. They now have a little latitude to space the timing of the increases, but there's no question they will move.
none oil shocks supply tax
Oil shocks are a tax on growth, and this is no exception. None of us know how long this supply shock is going to last.
economy economy-and-economics housing prices sales surprise
I think the surprise will be that housing prices and housing sales will decelerate, but the economy will do just fine.
context costs economic global key slack strong
The key reason: Dwindling economic slack and escalating costs in the context of strong U.S. and global growth.
banks bond coming fed hard inflation market message pricing signals smoke stock thick
The U.S. stock market is pricing in a hard landing, an acceleration of inflation and a Fed that may or may not come to the rescue. Part of that message is emanating from the bond market and part of it is coming from some thick smoke signals that the banks are sending.
higher percent quarter rate
The unemployment rate in the first quarter should have been at least 6.3 percent -- significantly higher than January-February's 5.75-percent average,
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.