24 ordspråk av Kim Rupert
Kim Rupert
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That suggests the economy has lost some of its steam.
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Our view is very optimistic. We believe that the tight yield curve is the result of the Fed's continued tightening. We are expecting economic growth of 4% much of this year. That is far from a recession.
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I don't put a lot of faith in the month-to-month swings in the trade data, but we had expected a modest widening in the gap. This narrowing will feed into a little bit more positive reading to second-quarter GDP.
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We suspect the FOMC will say that while Katrina had a devastating regional impact, aggregate growth should be only temporarily damped.
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People don't see a lot of value in a 10-year note that currently is yielding above the Fed funds rate but will not be in a week.
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I think were just having a little short-covering ahead of the weekend. We often see a bit of bottom-fishing when the yield is around 4.5%.
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The auction came off pretty much as advertised -- it was good and strong.
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The post-auction gains were used as a selling opportunity.
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Given some of the strong data we've seen lately, it's not surprising he's bullish on the economy. There's not a lot of new news in this.
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The market is kind of in sleep mode.
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The yield initially knee-jerked lower on the weak durable goods data and the Saudi news.
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It's important to expose kids to experiences they might not get in the classroom.
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The fact that he didn't suggest any time frame for a pause is going to leave rates biased slightly higher. People still think a yield near 4.7% on the long end is a pretty good deal.
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The market is just seeing it for what it is.
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Productivity, so far, has really enabled the economy to grow at a more rapid pace than normal without generating any kind of substantial increase in wage pressures.
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