Michael Thomas
Michael Thomas
American midfielder who began his MLS career with Sporting Kansas City in 2012.
ProfessionSoccer Player
Date of Birth8 March 1988
economy elevated events global overseas recent risk top
Recent events overseas have probably elevated the global economy to the top of the RBA's risk list,
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Payrolls is one of the main indicators of how strong the economy will be and a strong number means that there will be more rate hikes from the Fed. Yields are heading up across the curve.
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It's not a good time to hold 10-year Treasuries. The economy is holding together well. It would not surprise me if we get a hike in every meeting up to January.
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People spend in their leisure time and in the modern economy people are more mobile. But it goes both ways. We get a substantial amount of our turnover from visitors.
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There's a few areas in the economy that aren't doing as well, such as retailing. The central bank may keep interest rates on hold this year.
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The Medley report brought down expectations of how far the Fed will go, but we think there's enough strength in the economy for the Fed to raise rates right until May. Yields have to go higher. It's hard to justify buying Treasuries.
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With everyone chasing yield, if that inversion does grow to 10 or 20 basis points, people will have to reconsider whether they should be investing in the long end or back at the short end, where they can get a higher rate. With the Fed putting rates up at the short end, that's going to be attractive to people with a short-term investment horizon.
develop help six states
We're working with the six states to help them develop strategies.
help needs
We will help Philadelphia where Philadelphia needs it most.
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We are appreciative of the additional funding we've gotten this year. We'll build it into the budget the best way we can. We're not anticipating any cuts.
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My gut instinct is that the Australian dollar will wobble a bit lower from here. The interest rate differential is slowly being eroded. The Australian dollar is now less attractive to overseas investors.
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That's because it's about 98 percent water and only 2 percent sugar. So you have to have 40 to 43 gallons of sap to equal about 1 gallon of syrup. To get 2 gallons, you'd have to have 80 milk cartons full of sap.
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I will support Bob in everything he will do. The people who have worked on my campaign will support Bob as well. That is the way America works ? when the public speaks, we back them. It has been a humbling experience for me to have so many people support me during my campaign.
guy
We didn't do our jobs. One guy would let up on every play. No one did their job.