William Sullivan
William Sullivan
greenspan obstacles recovery slow suggesting swift
Greenspan is suggesting that the recovery is going to be slow and that there are obstacles to a swift rebound.
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I think what this may show is that we may have witnessed the peak levels of consumer confidence in the late spring and early summer. But it confirms that you do have spirits holding at a high level.
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January could prove to be a very difficult month for bonds, just as December was. Long-term interest rates rose anywhere from 35 to 40 basis points last month, and we're obviously starting January on a very weak -- if not suspect -- note.
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Research finds that green space produces consistently positive impact of less aggressive behavior, thus helping reduce violence. A community reading garden helps create positive effects. There should be hundreds of thousands of reading gardens all over the country.
equity retreat total yields
The only thing that can take yields down is a total retreat in equity prices.
across selling steady
Liquidation, liquidation, and more liquidation, ... It's a steady drumbeat of selling across the curve.
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I think right now the stock market is very comfortable with the benchmark 30-year-bond trading at between 6.5 and 7 percent. But if we start moving that range up to 7.25 and above, that could really be a major speed bump in the way of the stock market.
news seem seems
It doesn't seem to be news-related, it seems to be more technical.
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We knew the economy slowed down, and there was evidence from some of the monthly price statistics that inflationary pressures diminished during the period.
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There are a lot of people who are tremendously overextended and we're now getting down to a level to where these margin calls are massive, ... The calls are going out right now.
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We have seen what is historically very unusual downward move on bond prices.
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Today the collective wisdom is that the economy will improve in the not-too-distant future, and that's hostile for bonds because it suggests that the Fed is done easing monetary policy and that financial markets may confront some interest-rate pressures as the economy improves and borrowing re-accelerates.
might serious
We don't know how serious it might be. Such disclosures are always problematic.
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The data will generate a debate at the Fed about how many more rate hikes there will be.