John Ryding
John Ryding
cheating goes history price problems time
It's not the first time in the history of OPEC that we've had problems with cutbacks, and when the price goes up, then the cheating starts.
bond buy good mania market month move upwards
The bond market had a pretty good move upwards yesterday, but I don't think we're going to get back to that kind of mania to buy Treasuries that we had in the month of September.
accumulate bond doubt hand heading inflation low mind patient positions willing
There is no doubt in my mind that inflation is low and heading lower. I think the patient hand should be willing to accumulate bond positions here.
april bond fed few japanese march ourselves people period relates technical toward weakness
We are going through a period of weakness in March and toward the end of February. And that relates to things like Japanese (fiscal) year-end and a few other technical factors. I think getting on the March 30 FMOC meeting, the Fed (will do) nothing that reassures people . . . and I think we set ourselves up for an April bond rally.
decline expect fourth growth rebound slow
The decline in productivity was a quirk of the slow growth of GDP in the fourth quarter, which we expect to rebound in the first quarter.
decline expect fourth growth rebound slow
The decline in productivity was a quirk of the slow growth of GDP growth in the fourth quarter, which we expect to rebound in the first quarter.
above although auto below business consumer edge expect fourth higher hurricane inventory lower percent recovery result slow spending
Although we expect consumer spending to slow sharply in the fourth quarter, to below 2 percent, as a result of lower auto sales, we expect that GDP will still edge back above 4 percent on an inventory rebound, higher business spending, and hurricane recovery spending.
although auto change consumer data picture reflect report retail sales since slowing spending weak
Although the retail sales report was not as weak as expected, it does not change the picture of slowing consumer spending growth, especially since the auto sales data do not reflect Detroit's reality.
believe cut equity rates toward work
As we work toward a reopening of the equity markets, we believe that a cut in rates is even more important than it was before.
again bond borrowing compensate continue costs credit cut fed flows hopefully house lack market means november people problems rates remember suspect
This means people will be able to go out and refinance their house where they may not have been able to do before and I think that we have to remember this isn't over. I suspect the Fed will cut rates again in November and that will continue to keep a lid on borrowing costs and hopefully will compensate for some of the lack of credit flows to corporations that problems in the bond market have caused.
activism applied applying competition department increasing justice model rather seems
This increasing activism by the Justice Department seems to be applying a model of competition that applied to 19th-century America, rather than 21st-Century America.
details due durable entirely goods january orders report stronger underlying volatility
The plunge in durable goods orders in January is entirely due to volatility in transportation. The underlying details of this report are much stronger than the headline.
beyond inflation looking moved people
I think we've moved beyond the 'flight to quality' stage. People are really looking at the inflation fundamentals.
december gives greenspan likely meeting november
I think it's much more likely that Greenspan gives us a quarter-point cut, and then comes back at the November or December meeting with another quarter-point cut.