Tony Crescenzi
Tony Crescenzi
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.,
bond both causes weakness
There are many causes of both today's weakness and of the bond market's weakening in general,
fed market
The Fed has been very, very clear, and that's going to keep the market under pressure.
captured conference current decline impact market money phone poll recent stock
The distinction (of the phone survey) is important, ... Because it suggests that the ABC/ Money poll is more current and may have captured more of the impact of the recent stock market decline than did the Conference Board's.
argue bond context indicate market recent results
In the context of the recent markdown in prices, one could argue that the results in no way indicate that the recent bond market sell-off is over.
continue continuing markets point raise reinforce stock
They are continuing to reinforce the point that regardless, with the stock markets down, they are going to continue to raise rates,
built confident good market tremendous
The market is very confident in Greenspan. He has built up tremendous good will.
looks market policy potential
It looks like he has done it again, just when the market thought he had made potential policy error.
anxieties bond coming likely market markets signals suggest
The signals coming from the bond market are significant and suggest that the anxieties in the markets are likely to dissipate,
market modest resilience selling
The selling is modest and the market still has resilience to it.
current earnings excess market might news next prices reflect released several stock unwind weakness weeks
It is conceivable, for example, that the current weakness in stock prices may already reflect the weak earnings news that will be released over the next several weeks and the stock market might unwind some of its excess pessimism,
alarm bond create insurance language makers market meant policy statement sure whatever
Policy makers want to make sure in the language of their statement that whatever they do, it's meant as insurance -- they don't want to create alarm about the state of the economy, but they also don't want to create alarm in the bond market about the end of accommodative policy,
ahead congress greenspan market moving saying speeches
Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,