Robert MacIntosh
Robert MacIntosh
Sir Robert Reynolds Macintoshwas a New Zealand-born anaesthetist. He was the first professor of anaesthetics outside the United States...
closer fed next
The Fed is that much closer to being done. I think they are done after next week.
bias bit change cutting early maybe meeting next risk suspect
It's probably a bit early to change the bias to neutral. I suspect they'll say there's still more risk of another downturn than there is for too much of an upturn. Maybe the next meeting is when you have them take away the cutting bias.
closer creation effect fed housing next slow wealth
This is what the Fed wants, they want housing to slow -- that is the place where they can most effect wealth creation and spending. The Fed is that much closer to being done. I think they are done after next week.
economic inflation issue looking low percent stay typical
Inflation is not an issue right now. We're looking for inflation to be between 1 and 1-1/2 percent this year. It's typical that you see inflation come down and stay low for a while after you have had an economic slowdown.
beginning economy fed inflation job until worries
The Fed will be more upbeat, but there's still a long way to go before they make any move. This economy is just beginning to really grow. Until we get real job creation, there will be no inflation worries -- and we're not there yet.
chance gone instead maybe odds percent predicting
I'm not predicting a double-dip recession, but the odds of it have gone up. Instead of 5 percent, there's maybe a 15 or 20 percent chance of it now.
closer fed
The Fed is much closer to being done.
fed
The Fed is going to keep chugging along.
certainly fed fighting gives inflation
The Fed is certainly fighting inflation right now, and this probably gives them a little more oomph to fight.
themselves
They wanted to give themselves some flexibility, which they didn't have with that language.
guess hearing worried worries
I've been hearing worries about it for years, but I guess I'm not worried yet,
acceptable bond cash earnings equity far flows investors normal
Banks, bond investors and equity investors will ratchet down their idea of what's normal and acceptable as far as earnings and cash flows go,
based increases odds
Based on this statement, it increases the odds of another increase. I would have had it at 25 percent, but now it's 65-70 percent.
based increases odds
Based on this statement, it increases the odds of another increase.