The bottom line - despite the minus sign in front of the number, (payrolls) are a lot better than we thought.
Chris Low
It's hard to imagine anybody having the backbone that Greenspan brought to the job, the ability to withstand months and months of criticism and stick to his guns.
ability guns imagine criticism hard job
The Fed would only pause on the GM news if there were some indication that the news threatens the health of the economy as a whole or the health of the financial markets as a whole.
health news economy
Retail sales are expected to be down, but worry about Producer Price Index and Consumer Price Index releases Thursday and Friday could keep any bond market rally in check.
worry market price sales bond
We suspect that if the economy remains as soft as it has been lately, the Fed may very well decide a break is in order somewhere along the way.
order break economy
What's striking is how much it looks like the statement from the last three meetings.
meetings
With three negative reports in a row, it's ugly. What we are seeing is two things: it is the storms and a pre-existing condition that came with the end of auto discounting. Part suppliers and their raw materials suppliers benefited from auto sales incentives.
negative end things ugly sales storms part
Your typical economic recovery is a virtuous cycle of spending, job creation, investments and more spending. Each one fuels the other.
creation job recovery
He does not want a rapid break in bond prices to snuff out the jobs recovery before it has a chance to catch hold.
chance jobs break recovery bond
I would think that certainly some of the discretionary spending would drop. There will be those who think twice about driving at all.
driving
thought sign
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