Greg Valliere
Greg Valliere
almost angst billion cut cuts five mild spending though
Even though there's a lot of angst over the budget, a cut of $56 billion over five years, or $40 billion in spending cuts over five years, is pretty mild ? it's almost a rounding error.
agree budget coming congress cuts inability next pile spending stories surplus tax therefore
One of the big stories coming out of this is the inability to get anything done in the next two years. Therefore ... the budget surplus is going to pile up dramatically because Congress won't agree on big tax cuts or big spending hikes.
congress efforts hangover spending tax type
I think sometimes after we have this type of party, there is a hangover -- and this comes in '05, ... The new Congress in '05 will make efforts to restrain growth. They may not rescind the tax cuts, but there will be spending restraint. But between now and then, it's just a party.
binge case compelling consumer raise spending
The consumer is not on a spending binge - consumer spending has moderated and I don't think there's a compelling case (to raise rates).
add came coming cut decide economy rate spending
The economy is so strong, revenues are coming in at a rate that no one predicted. What it came down to was they had to decide how much more new spending they could add and how much more they could cut taxes.
consumer critical key spending variable
The key variable here is the consumer. As of now, consumer spending is way down so that may be the most critical thing they'll look at,
people rhetoric stealing talking three turned ugly
This was a pretty ugly weekend. You've got to say that the rhetoric got turned up two or three notches with people talking about stealing an election,
eventual hollow perhaps situation tainted victory winner won
You have to say that it could be a hollow victory, a pyrrhic victory, for the eventual winner if you will. We had a situation back in 1876, I'm told, where Rutherford B. Hayes won, but he was called Ruther 'fraud' B. Hayes for his whole term, and I think there's going to be a lot of sniping at the eventual winner as someone perhaps who won a tainted election,
appeals date due felt great jackson job judge late microsoft moved opening people process talked yesterday
Even people who don't like Microsoft we talked to late yesterday were shocked. They felt this could give Microsoft an opening in the appeals process to claim, 'We didn't get due process, this judge was too impetuous, he moved too quickly.' Considering how great a job Jackson has done, for him to give Microsoft an opening at this late date was a little surprising.
late microsoft people talked yesterday
Even people who don't like Microsoft we talked to late yesterday were shocked,
bubble close concerned economic fed full growth housing market occasions percent possible rare
We should have economic growth of more than 3 percent this quarter. I think the Fed is concerned about a possible housing bubble and about us getting close to full employment. I think this is one of the rare occasions were the market has it wrong.
bands dollar europe exchange fed gold officials price robert travel wedding
If they exchange gold wedding bands (the) price of gold will go up. If they travel to Europe on their honeymoon, the dollar will strengthen. If (Treasury Secretary) Robert Rubin and other administration officials are there, the Fed won't tighten again.
air consumers country election
If this election uncertainty drags on that long, you've got to think the air of uncertainty in the country will infect consumers and consumer spending.
hill hurt seemed
O'Neill's gaffs have hurt him. There aren't a lot of Republicans on the Hill who like him. But he seemed to have the president's confidence.