Anthony Crescenzi
Anthony Crescenzi
basis bonds gotten rally
The basis for a rally in bonds has gotten smaller.
debt happened recently reinforce sharp
It will reinforce what's happened recently in the debt markets, (the idea) that there's been a sharp underperformance in high-risk assets,
activity clear currently economic full labor leave market remains risk
They could have said there's a clear acceleration in economic activity currently under way, but it remains at risk of weakening or reversing, owing to the labor market and other factors. To leave it out completely doesn't make any sense to me -- it's as if they think the market's full of dummies.
asian half increase last sector seeing seems since weak year
What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.
actions community defend fears rather stem surprised
What he did was defend his actions rather than quell the fears of systemic risk. I'm really surprised that he'd do more to stem fears of hedge-fund community fallout.
bush chances confidence consumer continue counter markets might recent unless worry
Unless the Bush administration can successfully counter recent criticism, Bush and consumer confidence might continue to flounder. If so, the markets will justifiably worry about Bush's chances of re-election.
boom cars creation effects expect good held indication items job majority payroll pick report slowing spending tax
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
contained seems thoughts
It contained a lot of generalized ideas, but it seems like just his thoughts about what the G-7 should discuss.
general policy remains seen view
I think their general view will be more upbeat, but it remains to be seen how upbeat, because they don't want to cannibalize their main message, which is that policy will remain accommodative for a considerable period,
economy last moves profits rising steadily
As long as the economy moves along, you'll get profits rising steadily ... I don't think this (selling) will last steadily.
january
You're going to get these rallies in dribs and drabs, between now and January
course cut fed might rates rumors
There were rumors that the Fed might cut rates today, but of course they did nothing.
excess growth pointing report strong
The report is universally strong and is pointing to growth in excess of Greenspan's objectives.
change factory orders release report sector
The release of the factory orders probably won't change the Fed's decision, ... The report reinforces that the manufacturing sector is recovering.