Josh Stiles
Josh Stiles
bond hurt number
We don't look at this number and say it's the end of manufacturing strength. Still, it hasn't hurt the bond market.
deal difficult market number
This is always a difficult number for the market to deal with.
classic definitely dilemma hurricane number paid prices related
The new weakness, which is probably related to the hurricane and oil, definitely set in. But this number was a classic dilemma for the market, because the prices paid really rocketed higher.
aircraft bond bulls context distorted headline market number report took
The market took the report in context -- which is that it is often distorted by aircraft orders. It didn't really ignite the bond bulls that the headline number was down so much.
affect economic housing market numbers reaching softer starts stock support
The economic numbers didn't really have an affect on the (bond) market, ... Housing starts were strong, but . . . the market was already reaching support in the softer stock market and softer manufacturing numbers.
business conditions headline impact moderation offset prices saw
We saw moderation in the indices on prices paid, employment, and six-month business conditions outlook. That offset the impact of the headline number.
commodity concerned damage economy energy fed higher interested members prices risks terms
I would be interested in what those Fed members who are concerned about longer-term risks to the economy say in terms of any damage from higher energy prices and commodity prices.
bring data fears greenspan lay strong
There are fears the data will be strong and Greenspan will lay the groundwork for tightening. In that environment, how do you bring in buyers?
feels slide
It feels like the slide is tapering off,
aggressive cast doubt economy economy-and-economics fed morning seeing
It doesn't look like from what we are seeing this morning that the economy is recessionary, and now it's probably going to cast some doubt on how aggressive the Fed is going to want to be from here,
cooling economy market pressures wage
I think (the GDP and ECI figures) will tell the market that the economy is not cooling much and that wage pressures are building.
bond commodity demand domestic labor market plenty strength tight worried
I think the fundamentals are more threatening to the bond market; such as commodity strength, the strength of domestic demand, the strength of demand around the world, and tight labor markets. So, there are plenty of things for the bond market to get worried about.
cyclical excessive focused forces happening inflation structural wrong
He's been wrong about what's happening with inflation for two years. He's more focused on structural disinflation forces than he is on the cyclical inflationary forces from excessive accommodation.
bonds cuts dollar higher permanent tax
He didn't say enough on the permanent tax cuts and that's why the dollar is higher and (U.S.) bonds are higher.