David Gilmore
David Gilmore
David Gilmoreis an American session jazz guitarist...
caused future growth mountain paying pile public simply spending united works
Meanwhile, public works spending has caused a mountain of future liabilities to pile up, and without United States-like growth rates, paying them off is simply not in the cards.
card evidence few inflation labor market oil options prices remain vigilant wild winter
With little evidence that tightness in the U.S. labor market is slackening, and oil prices a wild card for inflation as winter approaches, the FOMC had few options but to remain vigilant about inflation,
bias conditions early fed inflation labor last market oil prices remain retain tight until
We think that as long as labor market conditions remain tight and oil prices high, the Fed will retain an inflation bias which could last until early spring.
central european immediate threat
There is no immediate threat of intervention by the European Central Bank.
account concerns current economy month slowing
One month is not a trend. Just the slowing U.S. economy is not enough to quell current account concerns in the long run.
economic improved outlook suspect
But we suspect that by the end of March, the U.S. economic outlook will have improved and Japan's will have deteriorated.
consider delay election fed late might summer until
More tightening is still needed. The Fed has to consider the election calendar. They can't delay until late summer or fall, when it might be politically more difficult.
countries federal hikes match rate struggling
Many of these countries are struggling to match rate hikes by the Federal Reserve,
economic gaps policy somewhat
What we do know is somewhat reassuring, even if there are significant gaps in his international economic policy resume.
buy currency help interest investors japanese key rates risk
Removing currency risk is key to getting Japanese investors to buy U.S. assets, which will help keep U.S. interest rates down.
achievement quarters represent
That would represent back-to-back quarters of growth, a noteworthy achievement.
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Japan increasingly needs a weaker yen to counter falling foreign demand and increased competitive pressures.
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Japanese individual investors continue to shun risk, and the notion of putting money into foreign assets is repugnant.
attention elevates loads risk theme
Look for the imbalances theme to get loads of attention at the G-7 meeting. Doing nothing elevates the risk of a disorderly adjustment.