William Sullivan
William Sullivan
greenspan obstacles recovery slow suggesting swift
Greenspan is suggesting that the recovery is going to be slow and that there are obstacles to a swift rebound.
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,
congress credit crunch days greenspan
It was days ago Greenspan told Congress there was not a credit crunch in the economy.
bond downward move seen unusual
We have seen what is historically very unusual downward move on bond prices.
brighter common economic economy europe fortunes help higher japan move people rates reduce seeing slow theme though
There is a common theme that economic fortunes look brighter in Japan and continental Europe than they do in the U.S., ... Even though higher rates should help the currency, they haven't because most people are seeing that as the Fed's move to slow the economy and reduce growth.
diminished economy evidence knew pressures price statistics
We knew the economy slowed down, and there was evidence from some of the monthly price statistics that inflationary pressures diminished during the period.
fed quick rate reaction seeing terms
To have this quick of a reaction in terms of rate cuts, ... suggests that the Fed was seeing crunch-like conditions.
data employment expected november reacting somewhat stronger tenor
What we are reacting to is the somewhat stronger than expected tenor in the November employment data - that's it in a nutshell.
corporate profits recovery strong
What that suggests is that the recovery in corporate profits may not be as strong as expected.
degree easing federal limit report reserve worry
The real worry is that this report will limit the degree of Federal Reserve easing down the pike.
calls level margin people
There are a lot of people who are tremendously overextended and we're now getting down to a level to where these margin calls are massive, ... The calls are going out right now.
additional hikes labor market mean rate spare
If we do see additional absorption of spare labor market capacity, that could mean more rate hikes through the summer.
cut rates twice
I look for them to cut rates at least once or twice more this year.
easier prices push
makes it a little easier to push prices around.