William Sullivan
William Sullivan
continuing credit fed front perhaps providing study support tea
The Fed is continuing to study credit tea leaves, and perhaps they sense there's more stresses out there and they want to be in front of that by providing liquidity and communicating their support to the marketplace,
alan approach backed capitol criticism fed few greenspan hill last less political recent saw senate talked
The Fed has more or less backed away from this pre-emptive approach that they talked so much about in recent months. In fact, the Senate could say that Alan Greenspan & Co. caved in to the political criticism on Capitol Hill that we saw emanate over the last few weeks,
economy fear federal monetary points reserve
The fear here is the economy is overheating. And this points to a Federal Reserve with a much tighter monetary policy.
exchange foreign ground judgment lose risk
In our judgment, the risk is the yen will lose ground in the world foreign exchange market.
economy rapid setting though
Clearly, we're experiencing an inflation-free setting even though the economy is experiencing rapid growth.
benign consumers context declining doubt energy food good level news performance retail wash wholesale
The benign performance at the wholesale level may not necessarily wash through at the retail level. But there is no doubt that there is good news for U.S. consumers in the context of declining food and energy prices.
accounting
It's impressive, but it's probably technical. We still have these accounting questions.
activity bottom environment fed labor line market message rate remains suggest
The bottom line message is that the labor market activity remains robust, and that's not the environment that would suggest a need for a Fed rate cut.
growth headed moderate pace type
That type of growth is not sustainable, and we're headed to a more moderate pace this year.
bonds corporate filling pave rally
Corporate bonds are filling the void, to some degree. But this does not pave the way to a rally in bonds.
confidence flight healing huge improvement investor process reflects rising seeing
Confidence is rising and risk-aversion is declining. Now we are seeing a huge flight from quality. That reflects the healing process and an improvement in investor psychology.
confidence shows
It shows you how much confidence has been shattered.
beginning exert indeed influence interest rates sector shows
It shows that the upturn in interest rates is indeed beginning to exert an influence on this rate-sensitive sector of the economy.
congress credit crunch days greenspan
It was days ago Greenspan told Congress there was not a credit crunch in the economy.