John Ryding Low Quotations

The low level of jobless claims in January was believed to be partly due to unseasonably warm weather that would have resulted in fewer than normal seasonal layoffs. However, despite a return to more seasonally typical weather in February, unemployment claims have remained low.

The decline in productivity was a quirk of the slow growth of GDP in the fourth quarter, which we expect to rebound in the first quarter.

The decline in productivity was a quirk of the slow growth of GDP growth in the fourth quarter, which we expect to rebound in the first quarter.

The level of claims remained low and consistent with solid job creation.

Although we expect consumer spending to slow sharply in the fourth quarter, to below 2 percent, as a result of lower auto sales, we expect that GDP will still edge back above 4 percent on an inventory rebound, higher business spending, and hurricane recovery spending.

Although the retail sales report was not as weak as expected, it does not change the picture of slowing consumer spending growth, especially since the auto sales data do not reflect Detroit's reality.

I think it's something we're going to have to learn to live with until the fundamentals can reassert themselves. But I do believe that the favorable fundamentals of strong U.S. economic growth and low inflation are here to stay for awhile.

There is no doubt in my mind that inflation is low and heading lower. I think the patient hand should be willing to accumulate bond positions here.

There's no doubt there's political pressure on the Fed to do nothing on September 20th. The Fed will allow economics to overrule the politics of the situation.

There's no barrier to the Fed lowering interest rates significantly.

This means people will be able to go out and refinance their house where they may not have been able to do before and I think that we have to remember this isn't over. I suspect the Fed will cut rates again in November and that will continue to keep a lid on borrowing costs and hopefully will compensate for some of the lack of credit flows to corporations that problems in the bond market have caused.