We had thought that transparency meant efficiency in the market... and that's not what happened. The meaning of the bias within the Fed was not well understood.
More Quotes from Christopher Low:
Like everyone else, we expect a quarter-point hike in fed funds today to 4.75 percent -- we also expect the statement to be softened.Christopher Low
The decline helps affirm cooling in the housing sector and is consistent with other broad-based data we have seen.
Christopher Low
They tighten again in May and then they wait and watch.
Christopher Low
It is going to make economists slightly revise down first-quarter GDP, which they already did with the weaker consumer spending number.
Christopher Low
Home sales have remained surprisingly strong despite higher interest rates.
Christopher Low
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The reward of a thing well done is having done it.Ralph Waldo Emerson
I think I won't do for your business at all, but personally I have no fight with you. You can go on and save all the critics you can, but don't send them to me.
Frank Richard Stockton
It was so wonderful outside that even the wild senselessness of this enormous death, whose music I hear again and again, could not disturb me from my great enjoyment!
Max Beckmann