Lara Rhame
Lara Rhame
guts statement
It's the same meat, but with a different gravy, ... The real guts of the Fed's statement is very much unchanged.
absolutely couple growth months next
The next couple of months will be absolutely crucial. If we can get through this, we're going to have growth that will be consumer-led next year.
actual continues domestic drawing economics economy-and-economics everybody fed final forecast hard learn market minus rate solid
Everybody has to learn a little more economics than they want to learn, now that we're drawing more and more of a distinction between actual GDP and final domestic demand, which is GDP minus inventories. Inventories can surprise. It's hard to make a solid forecast about them, and the Fed said that. I think the market continues to overestimate Fed rate cuts.
came coming dollar foundation greenspan last reasons setting trade
That's one of the reasons the dollar came off at the end of last week, ... and could come off even more on Wednesday, when Greenspan speaks. He could be setting the foundation for a more range-bound trade for this coming quarter.
dollar euro everybody remain result spinning strength strong trends
Everybody is spinning it in their own direction, ... The end result is the same trends remain in place: dollar weakness, euro strength and the yen strong, but not so strong as the euro.
best buy currency everybody fund high knows seems sell
Everybody knows they (investors) want to buy high yielding currencies and the yen still seems like the best currency to sell to fund that.
bin dollar economy falling fits led risk tape view
The bin Laden tape has led to some dollar selling. The tape fits with the view of those who think the U.S. economy is at risk of falling into a sinkhole.
businesses coming confidence lead level stocks throws
Stocks usually lead us out of a recession, but not this time. That throws in a whole new level of uncertainty about how businesses are going to behave. We don't know if there will be enough business confidence without stocks coming back.
ask far last markets performed recovery seeing stocks three worse
Stocks in this recovery have performed far worse than the last three recoveries, ... You really have to ask yourself, as a whole, what the markets are seeing out there.
companies guys listen nervous run
It's always been very important to listen to CEOs. When you've got guys that run companies nervous about demand, they put off investing.
buy good hard reason remotely
It's hard to find anything even remotely good about these numbers. This is pretty much going to quash any reason to buy the dollar.
ahead bonds dollar euro forecast gotten markets optimistic seen signs size strength themselves
We've seen markets get ahead of themselves in bonds and in currencies as well. There are signs that markets have now gotten too optimistic about not only the size of the U.S. recovery, but the speed; our medium-term forecast is still very much of euro strength and dollar weakness.
ahead bonds dollar euro forecast gotten markets optimistic seen signs size strength themselves
We've seen markets get ahead of themselves in bonds and in currencies as well, ... There are signs that markets have now gotten too optimistic about not only the size of the U.S. recovery, but the speed; our medium-term forecast is still very much of euro strength and dollar weakness.
call crisis dollar feedback investors negative purely shedding
What I call a dollar crisis is when you have a big, negative feedback loop, with international investors spooked purely because of the currency, shedding U.S. assets, which would be more dollar negative, and it would just feed on itself,