Maureen Allyn
Maureen Allyn
dollar earnings goods impacts imported power pricing raise strong takes
A strong dollar takes away companies' pricing power because imported goods come in a lot cheaper, and it impacts earnings because they can't raise prices.
economy economy-and-economics fix sudden
You really don't want to do any sudden moves. The economy is doing really well. Why fix it? It doesn't need fixing.
throws
This may be what throws us into recession.
flat
This is still very flat inflation. We do not have an inflationary worry.
companies costs keeping learn power pricing
Companies have to learn to live with keeping their costs down. They're not going to get pricing power not in our lifetime, I'm afraid. The world is just much too competitive.
breath effective expect few happen holding july monetary money months policy six takes time until year
I thought the first six months of the year would be a white-knuckle ride. But monetary policy is as effective as ever. That money takes time to get in there, but I think it will stabilize things. We shouldn't expect anything to happen until July at earliest, though, and we'll have a few more months of holding our breath here.
begin believe environment later sink sooner
I think we're going to have to begin to believe that we're not in an inflationary environment. Sooner or later it's going to sink in.
higher later oil people prices start
Just as a warning: People better start bracing for higher oil prices later in the year.
companies gotten
I think companies have gotten a little behind.
heading hope huge investors months next rally recovery six towards worst
I think we are heading into the worst of it. Investors think there we're heading towards a recovery in the next six months and I hope that they are right, but I just don't see the valuations for a huge rally going forward.
calm chance
I think that's got to be a better-than-even chance at this point. We know from their discussions that they were very, very nervous. This isn't going to calm them down any.
cue cut everybody good gotten markets quarter
I think they'll cut a quarter point, like everybody else in the market. The markets have gotten a pretty good read on what's going on, and I take my cue from them.
act bias clear congress event fed looking testimony time warning whether
Greenspan's testimony to Congress is always an event and probably more so this time than usual. We are looking at the Fed with a bias to tightening and we have to get some warning of whether he is going to act on that or not. So what I am looking for is a clear signal.
growth last paying surprise took year
Growth took them by surprise last year so I think this is paying back for all that growth we had last year.