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,
decline early fed forecast interest lower might payroll post rates report venture
I would venture to forecast that if the upcoming payroll report were to post a decline in the vicinity of 200,000 or so, the Fed might lower interest rates as early as this Friday.
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.
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.
cut eventually fed notion point puts rapid rates response speech
Greenspan's speech puts an exclamation point on the market's notion that the Fed will eventually have to cut rates in response to the rapid deceleration in the economy,
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.
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.