Bill Sullivan
Bill Sullivan
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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What's going on in the Middle East is resonating more with investors now than it was a week ago, ... It's become very clear that the environment in the Middle East is (more) unsettled and that's introducing a new level of uncertainty.
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The speech doesn't appear to have garnered any attention at all. His comments really weren't the focus.
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These actions enable Agilent to focus exclusively on realizing its full potential as the world's premier measurement company. It has become increasingly clear that investors also prefer this exclusive focus on the $40 billion measurement market.
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Eliminating the dividend tax is an extraordinarily controversial measure -- even Republican support may not be as deep as assumed.
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Questions would arise over why the Fed needed to drop interest rates at this time. It would have raised fears that there was a train wreck coming in the financial system.
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Everything has combined to push prices to new heights and if and when stock markets capitulate, you will have a tremendous bid for Treasuries.
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Even though the rising pattern in borrowing costs is a form of restraint, it is being offset by a surge in equity wealth as the stock market records consistent gains.