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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In many respects, the Fed is a bit player when it comes to the overall outlook. We're dealing with issues of confidence.
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These (the Nasdaq and oil) are the key factors driving prices higher in a very thin environment.
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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.
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I made sure I talked to him before he got another job, ... It's tough to find really good people.
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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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At the same time, the demand for many commodities is weakening here as global growth begins to moderate.
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The lack of such short-term borrowing thus far in the current cycle seemingly contradicts the notion that a brisk expansion is under way.
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The Fed is telling us today they want to stay ahead of the economic curve.
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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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This tells us nothing about the strength of a recovery next year,
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Eliminating the dividend tax is an extraordinarily controversial measure -- even Republican support may not be as deep as assumed.