Rob Palombi
Rob Palombi
adjust allow economy economy-and-economics expanding monetary objective policy prudent speeches stretch
Greenspan's objective is to keep the U.S. economy expanding for as long a stretch as possible. That's why he's being so prudent in his speeches and that's why he'll adjust monetary policy to allow for that.
cuts debt either larger leads left reduction tax
Gridlock leads to more debt reduction than either tax cuts or new spending. Because what we will be left with at the end of the day are larger surpluses.
economy higher justify less market stocks trying valued vulnerable
The market is trying to find an appropriate valuation for those stocks. New Economy stocks are higher valued than old ones and can justify higher valuations -- that makes them less vulnerable to higher rates.
confirm economy evidence markets mind month numbers report
What's important to keep in mind is that we really only have one month of numbers that confirm the economy is slowing. What the markets want to see is more evidence of a slowdown, which is why this report is important.