David Gilmore
David Gilmore
David Gilmoreis an American session jazz guitarist...
believe cut fed follow quickly rate relatively
We believe the ECB will follow the Fed rate cut relatively quickly with one of its own,
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,
bank central europe european inflation swamped
Europe has double-digit unemployment and no inflation problem, ... Any European Central Bank tightening will be swamped by much more from the Fed.
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.'
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.
believe quarter
We believe the yen will weaken substantially into the first quarter of 2001,
achievement quarters represent
That would represent back-to-back quarters of growth, a noteworthy achievement.
assure benefits business knows policy standpoint weak
Lindsey will assure the strong-dollar policy is intact, even if O'Neill from a business standpoint at Alcoa knows the benefits of a weak dollar.
dollar issues key known policy proposed tax views
Little is known about O'Neill's views on key policy issues such as the dollar and the proposed tax cut,
economy fed funds moving neutral percent rate rule start stays thinking
We have to start thinking about the Fed moving from a neutral to a more restrictive policy. I wouldn't rule out a 6 percent Fed funds rate if the economy stays hot.
along dollar expansion expect fed foundation funds move treasury yields
While we have said all along that the foundation for the U.S. expansion is dodgy, as long as it is what it is, we expect to see the dollar and Treasury yields - and fed funds - move up.
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.
countries federal hikes match rate struggling
Many of these countries are struggling to match rate hikes by the Federal Reserve,
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.