Tony Crescenzi
Tony Crescenzi
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The productivity advance will also serve as a powerful backstop for the U.S. dollar, as it creates an environment that is good for the rates of return on U.S. assets, especially compared to other countries where both productivity growth and economic growth are lower than in the U.S.,
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I would venture to forecast that if the upcoming payroll report were to post a decline in the vicinity of 200,000 or so, the Fed might lower interest rates as early as this Friday.
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If oil prices fall, it will help to stimulate economic activity -- the profit outlook will be better and also lower oil would bring down costs, making stocks the better asset class.
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The selling is modest and the market still has resilience to it.
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The signals coming from the bond market are significant and suggest that the anxieties in the markets are likely to dissipate,
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The rhetoric over the fiscal stimulus package heated up this weekend, reducing the likelihood of passage, ... In what may become a famous remark, President Bush said that Congress would 'raise taxes over my dead body.'
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Even Clint Eastwood could not have written a better script that would pit the bulls and the bears against each other over the meaning of today's payroll report, ... The winner, however, may not be known for a while longer since the data is sufficiently murky.
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There's some evidence that they may be shifting away from dollar reserves to other assets to try to diversify their reserves.
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The supply of bonds won't have a large bearing on the yield levels or the structure of the yield curve, ... The influence on interest rates will come more fundamental factors such as inflation expectations, competition for capital and monetary policy.
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Corporate bond investors seem relatively optimistic compared to a few months ago.
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Today's speech...is notable more for Greenspan's change in delivery than change in material,
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The Treasury tends to follow through with changes in new issuance when it forewarns of possible changes,
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The Treasury market has come to grips with the notion that stocks have recovered,
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Like the Great Tulip Mania in Holland in the 1600's and the dot.com mania of early 2000, markets have repeatedly disconnected from reality,