Michael Darda Quotations

If we get anywhere close to the forecast, its going to be negative for bonds, cause that market has depended on a miss on payrolls in recent months.

Gold prices are rising against almost every major currency, ... So the run up in gold prices here has not affected the dollar to the benefit of other currencies.

I thought the jobs report was more robust than the headline number would suggest, with the June and July upward revisions to payrolls countering the August miss.

Overall, the retail sales report was a strong suggestion that the economy remains robust, particularly when you take out the autos component. It suggests that we're going to see a good read on GDP growth, even with the higher oil prices.

Such action could create a sharp upward move in inflation expectations, additional upward pressure on precious metals prices and renewed downward pressure on the dollar, ... If that were to happen, the Fed likely would have to drive rates up much more in the future, which could be disruptive to financial markets.

It doesn't look like what happened with GDP in the fourth quarter is a harbinger of the future.

I think he's basically greasing the skids for the Fed to keep raising rates, and that may not be something the stock market has realized yet, ... and that's why you're not seeing much reaction.

You just can't have 30 percent growth every quarter.

Today's number is a sign of slowing ahead. But that's not a negative thing. With the dramatic price appreciation we've seen, we don't want to see a runaway market out of control.

To me, this looks like continuation of crude oil escaping the gravity of reality.

A significant part of demand right now is based on speculation that something is going to happen in the future or near future to make supplies much more scarce.

Essentially, he's saying that they may pause around 5 percent after the May meeting.

There's no real change in the rhetoric. He's talking about risks to economic growth, but within the overall context that monetary policy can respond.

The bottom line is that it's best to look at what the companies are actually doing rather than pay too much attention to what they're saying.

This is a sound contradiction because CEOs should be the visionaries and CFOs should be the bottom line worrywarts, ... Financial officers should be worrying about all of the costs, the pitfalls and the risks.

This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations.

They seemed to reassure the market that the economy was OK after the hurricanes, but overall, I don't think there's anything new, and that's why the stock and bond reaction has been muted.

They are saying that they are not convinced that the threat of higher energy prices is over, that they continue to worry about pricing pressure, and with a strong economy, they can keep raising rates.

There was nothing too surprising in what he said.

The minutes didn't change the outlook for the interest rate moves priced into the market. The Fed is expected to raise the funds rate at least two more times unless economic data is released that will change this assumption.

The bond market is at a ridiculous valuation, whereas the stock valuation is low relative to bonds.

It was a great report, although one month does not a trend make.

There's the potential for a positive surprise. But anything around or above 200,000 is a positive for the economy.

Inflation has boxed the Fed in, they are going to have to keep moving rates up.

If you look at the data, we are seeing a subtle, upward pressure on core inflation.

The market is higher, but we're not talking huge moves here. The market is looking at a plateau in the fed funds rate at or around 5%.