Bill Sullivan
Bill Sullivan
borrowing deny economy fragile low recovery remove
This is a very fragile recovery process. It's been reliant on these low borrowing costs. If we remove them, we effectively deny the economy its support.
clear economy edge fairly generating growing interest permit price rapidly rates though
It's clear that, even though the economy is growing fairly rapidly ... it's not generating any price pressures. This may permit interest rates to edge lower.
balance calendar continues data economy euphoric fed inflation market raise rates remains reported sign stock taking tame
The stock market was euphoric over the data reported -- taking it as a sign the Fed will not raise rates over the balance of the calendar year. Inflation remains tame and the economy continues to grow.
advantage borrow business economy failure foresee low planners quarters rate unwilling
Business firms are still unwilling to take advantage of this low rate structure. The failure to borrow could be a hint that business planners do not foresee a significant resurgence in the economy over the quarters to come.
absurd almost believe economic economy replace risk series
It's almost absurd to think you can replace the World Series as an economic event. In no way does it put the economy at risk of double-dip recession, but I believe the economy loses.
clear commentary economy improve point press session statistic street upbeat wall year
We started the session with this tremendously upbeat commentary in the press and a clear mind-set on Wall Street for the economy to improve in 2003. Lo and behold, the first significant statistic of the year underscores that point of view, so we're off to the races.
action again consumer continues economic economy fed funds further grow likely march moderation overall raise rapidly target unless
If the economy continues to grow rapidly in March and April, (the Fed is) likely to raise that funds target again in May. So the market's been put on notice: Unless you see some overall moderation in economic activity, particularly in consumer spending, we're likely to see further tightening action down the road.
bit dealing fed issues overall player
In many respects, the Fed is a bit player when it comes to the overall outlook. We're dealing with issues of confidence.
driving factors higher key prices thin
These (the Nasdaq and oil) are the key factors driving prices higher in a very thin environment.
america global latin nations pressure prices pushing raise russia
The nations in Asia, Russia and Latin America have pressure to raise cash, so they are dumping their commodities on the global marketplace and that's pushing prices lower.
good sure talked tough
I made sure I talked to him before he got another job, ... It's tough to find really good people.
begins demand global growth
At the same time, the demand for many commodities is weakening here as global growth begins to moderate.
borrowing current cycle expansion far lack notion seemingly thus
The lack of such short-term borrowing thus far in the current cycle seemingly contradicts the notion that a brisk expansion is under way.
ahead economic fed stay telling today
The Fed is telling us today they want to stay ahead of the economic curve.