Anthony Crescenzi
Anthony Crescenzi
claim clear consistent demand growth indication job labor level quite
The jobless claim level now is consistent with job growth and is a clear indication that labor demand is quite strong.
borrow capital companies condition corporate economy higher income less meaning past profits rarely seen sensitive spending year
The economy is less interest-rate sensitive than it was a year ago because of income growth, and we have corporate profits higher than capital spending -- a condition only seen rarely in the past 40 years -- meaning companies don't need to borrow as much,
bonds last turned
The Dow went from 8,360 to 8,420 in the last 45 minutes. That turned the bonds down,
cause chinese credible equity fear good inflation social
The Chinese devaluation would be devastating to the equity markets, and it would be good for bonds, ... But that is not a credible fear right now. The inflation that would come from devaluation would cause social instability.