David Gilmore
David Gilmore
David Gilmoreis an American session jazz guitarist...
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.
aggregate anyone assess difficult due markets red
Markets become disorderly due to aggregate psychology. That's difficult for anyone to assess at any time, but you look for red flags, like significant overreactions to data,
cash companies european flush market share united
European companies are flush with cash and they want to own market share in the United States, ... They want to own the 'new economy.'
bullish economy enjoying inflation low market picking stock strong tough
The market is pretty bullish on the dollar. With the U.S. economy enjoying low inflation and strong growth, and with the stock market picking up again, it makes it a tough go for the euro.
bullish market
The market is pretty bullish on the dollar,
across focused high higher interest market rates rather yield
The market is not focused on imbalances, but rather interest rates and in the US right now they are high and getting higher across the yield curve.
central european immediate threat
There is no immediate threat of intervention by the European Central Bank.
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.
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.