David Powell
David Powell
hikes hints
These are the first hints that the end of the hikes may be coming.
allow anybody asking budgetary complain dilemma folks impossible maintain meet morale nor office pay people qualified risks run somebody staff support sustain talking tried trying understand worry year
I understand the dilemma and the risks I'm asking you to take. I'm asking you to support me and to allow me to run this office for one year the way I can maintain morale and keep two qualified people working. I can do that and meet your budgetary requirements, ... I can never do that and keep the courthouse happy. I don't try to do that. I've not tried that for 20 years. That's going to be impossible for me to do. I don't worry about anybody but my staff nor do I come in here and complain about what somebody else is getting. If you want to pay the folks in the clerk's office $60,000, I don't care. I'm talking about one person here and trying to sustain it for one year.
capacity definitely further hikes implies monetary policy rate
The wording was that monetary policy is still stimulative, which implies further rate hikes down the line. And this morning, when capacity utilization was released, that definitely augured well for another rate hike.
came knows people serve work
That would serve to make the liquidity even thinner. Who knows how many people actually came to work today?
drive growth hit recession seen since slow strategy
The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth.
came throws
Marcus came in and made some big-time throws for us at the right time,
among heaven known land landed saying students
Lisa was known for saying to her students and to her friends, 'Shoot for the moon. Even if you miss, you'll land among the stars.' And today, she's landed among the stars. She's in heaven with her Father.
aside bank canada focus longer monetary oil overnight policy pushed role statement term
I think overnight there was another focus on the bank of Canada statement and it pushed aside the oil sell-off, as monetary policy is probably going to have a longer term role than oil.
bit indeed seemed stop
But between Yellen and the minutes, there seemed to be a bit of confirmation that indeed that would stop at 5 percent, and the market's just readjusting that right now.
bought front might paid peter pull robert saved stood taken three waiting wines
Peter Lehmann saved the growers, and Robert O'Callaghan stood in front of the bulldozers waiting to pull out the old vines. To keep the growers in business, Lehmann bought their fruit, made it into wine, and told the growers they would be paid when the wines were sold. It might have taken him three years, but the growers got paid.
adjust appreciation canadian concerned dollar economy feeling focal less mention point statement stronger time year
My feeling is that while there may be a mention of (a stronger Canadian dollar), it's not going to be a focal point of the statement because they are less concerned now about Canadian dollar appreciation than they were a year ago. The economy has had time to adjust and get used to a stronger Canadian dollar.
aggressive feeling forward given monetary moving nature policy
My feeling is that it's going to hint at much more aggressive monetary policy moving forward given the hawkish nature of Tuesday's statement.
continue dollar fed few focusing funds further gains help last leave market move potential rally rate related weeks
This should help the greenback continue the rally experienced over the last few weeks and leave the market focusing on further dollar gains related to a potential move of the fed funds rate to 5.00 percent.
compares course expecting month previous trade weaker
The previous month was huge, so of course we were expecting a weaker number. The important thing is how it compares with the month's trade deficit.