Bill Sullivan
Bill Sullivan
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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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It's almost a boilerplate meeting. At the last meeting there was widespread expectation that they would remove their pledge to maintain accommodative policy for 'a considerable period.' But the December employment figures made it very apparent that the job market continues to lag, and most observers have come to the conclusion that the Fed really does need to stay accommodative.
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This should be a party like none other in Highland.
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This tells us nothing about the strength of a recovery next year,
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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.
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The government now agrees, after three years of inquiry and millions of dollars, that the evidence in the original case proves the terrorist convictions originally rendered by the jury.
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With so many events looming ahead, there is no incentive to take any major positions.
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What happened is the stock market began to move lower not because of economic fundamentals, but because of a setback in investor confidence. This huge evisceration of wealth is being seen as a leading indicator of the economy. Against that backdrop, CEO perceptions of the economy's potential have worsened.
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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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There is a lot of underlying strength in this economy, and as a result we do believe there are some inflationary risks down the road.
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We're trying to put a bright picture on the State of the Union address. We're well above the losses we saw several hours ago.
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We have been on a high-growth path in India since we began our R&D services and financial services operations there in 2001. With the test and measurement market in India growing at an accelerated rate, we are expecting to triple the revenues from India in the next two to three years.
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Obviously, we're going to be dealing with thin markets. The influence of the holiday should dampen the war rhetoric, but if there are any surprises we could get exaggerated moves in prices for sure.