Allen Sinai
Allen Sinai
causing falling goods higher imported inflation ingredient oil outside rising risks says start year
It is causing some imported goods prices, which were falling a lot a year ago, now to start rising and this is outside of oil and energy. That's just one more ingredient that says there's more risks that inflation will go higher than lower.
fed held march meet next power question rally remember staying views
The staying power of the rally is the question mark. You have to remember the views held by the Fed on March 28 are not necessarily the views held when they meet next on May 10.
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It would have been useful to have had a nomination of a successor prior to Jackson Hole because, in a way, Jackson Hole is a farewell to Chairman Greenspan.
drawn due sources strength strong underlying weakness
The sources of weakness probably are temporary. The weakness belies some underlying strength because inventories were drawn down due to strong demand.
absolutely equity glass point wrong
From the equity point of view, things are absolutely superb. You need a magnifying glass to find something wrong with the economy.
price stability
I don't think we have price stability any more.
energy envisioned fed gets inflation interest oil raise rates
If inflation gets out of hand, the Fed will have to raise interest rates more than is envisioned right now. Oil and energy can do it.
cloud danger dark market moving near oil
With oil on the rise, we're in danger of a dark cloud moving over the market in the near term.
bigger everybody grows growth pie rate
When the growth rate is high, the pie is bigger and everybody gains. If the pie grows more slowly, everybody loses.
chop concern equity grand market test wood
We have a lot of wood to chop before the equity market can get out of its grand funk. And you know, actually my concern is we're going to test the old lows.
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Those with an academic approach bring really quite a keen mind to the party but not necessarily an awareness of the reality of the markets and economic activity.
growth half past rate recession seen three
It's not a recession but it's about half the rate of growth we've seen in the past two or three years.
act capital certainly coming expected found huge impact improvement jobs looks roughly work
It looks to me like the act is roughly working as it was expected to. We never found huge impact -- but certainly in our work we found improvement in growth, capital expenditures and jobs coming from the measure.
looks major
It looks like we're in for a major slowdown from where we were before,