Bill Sterling
Bill Sterling
boosts economy economy-and-economics efficiency increased plan push treasury yields
Sure, the plan could push Treasury yields up. But if it contributes to an increased efficiency of the economy and boosts growth, what's not to like?
word
I think there's a one word summary out of this thing: War.
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One of the biggest fears, from an economic point of view, would have been a catastrophe in the oil fields. That hasn't happened and it looks like it probably won't happen. In a sense, that's a bigger deal for the economy than if the war lasts one week or four weeks.
china pricing wave
If China slams on the brakes, there's going to be a wave of pricing pressure.
given japan moves surprise upside whether wonder
Given the moves in the markets, you have to wonder whether Japan is going to surprise on the upside on growth.
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A lot of people are going to be watching the employment report for evidence of whether the economy has hit escape velocity.
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The missing link is jobs. But I would guess the odds are 70 or 80 percent that we're going to see strong job growth in the next few months.
people rid trying understand
People are trying to get rid of the material, and this is the way they're doing it. What they don't understand is that it is very dangerous.
affect bigger contagion deal financial hit problem sector
The contagion has now hit the financial sector, which is a bigger deal because it can affect every sector of the economy. It's like having a problem with your circulatory system.
air economy hit
The economy has hit an air pocket, at minimum.
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The Europeans are obviously frustrated that they're bearing the brunt of the current account adjustment and want the United States to say that the Asians have to play a role.
deficits guys remain stimulate
The guys with the big deficits want to stimulate policy. And the guys with the big surpluses remain very tight. There's only one thing that can give in that situation, and that's currency.
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The idea that there is going to be a war is thoroughly accepted in the financial markets right now. But nobody can know what the exact contours are going to be.
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I personally think that it's going to be quick, that the Iraqi army will join the Italian army in historical folklore.