Tony Crescenzi
Tony Crescenzi
assessment downward overall results trend underlying
The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish. Therefore, the market's overall downward trend is intact.
consumer correct cost
The CPI is correct in measuring consumer prices, ... But it's not correct in measuring the cost of living.
advance both compared countries creates economic economy-and-economics environment good growth lower powerful rates return serve
The productivity advance will also serve as a powerful backstop for the U.S. dollar, as it creates an environment that is good for the rates of return on U.S. assets, especially compared to other countries where both productivity growth and economic growth are lower than in the U.S.,
commodity global growth lifting prices revival sector
There is a revival in global growth now underway that is lifting the U.S. manufacturing sector and hence, commodity prices and wages.
bond both causes weakness
There are many causes of both today's weakness and of the bond market's weakening in general,
abandoned assert buck dollar falling former harmful officials policy stop summers thrown
The buck has yet to stop at Summers as too many officials have abandoned the former 'one-voice' policy and thrown in their harmful two-cents, ... Summers must assert a 'one-voice' policy to stop the dollar from falling further.
market modest resilience selling
The selling is modest and the market still has resilience to it.