Alan Ruskin
Alan Ruskin
clear inflation lower margins point profit pushing rise rising seem sign taking terms
I think the only clear sign that would really tell you that inflation should be rising at this point is, of course, the rise in hourly earnings, ... But at this stage, from what we've seen, corporations seem to be taking it in terms of lower profit margins and, therefore, not necessarily pushing up prices.
change dollar fact guard mere per presidents seen snow
I don't think per se jettisoning Snow would be seen as dollar negative. The mere fact that we've got a change of guard isn't necessarily dollar negative. These things happen. Presidents do change personnel.
believe giving people pressure selling stand underlying
I don't think people want to stand in the way of this even if they believe there's underlying value. With equities giving it a kick, you're getting more selling pressure as well.
cut forthright future interest rates seeing seems
He seems to be more forthright in seeing a willingness to cut interest rates in the future than expected, ... It is uncharacteristically blunt.
comments economy included none range
(Greenspan's) comments on the economy regaining traction included a range of examples, but all of them have caveats attached, and none are that convincing,
asset change surprise
Would it surprise me that they would change their whole asset allocation dramatically? That would be more surprising.
impending indicative orders overall recovery south trend
The overall trend in orders is going to be south over time, ... I wouldn't use this as indicative of some impending recovery in the manufacturing sector.
attention clearly data dollar expect fed giving market quickly shift
While the data is clearly dollar positive, I would expect that the market will quickly shift back to the attention it is giving to Fed policy.
clear inflation signals
we still don't have any clear signals that inflation is on the way up.
data edge fed fodder provides
The data will keep the Fed on edge and provides fodder for the Fed hawks.
certainly data encourage fed views
The data will certainly encourage views of a truncated Fed tightening cycle.
correct data encourage fed inflation looks tend views
The data should tend to encourage views that the Fed is correct and that inflation looks to be contained.
bond broader confused cross influences stick trend view
These cross influences are confused enough that one has to stick with the broader trend that we still view as bond negative.
caught market minutes somewhat
These minutes have caught the market somewhat off-guard,