On balance the numbers were benign again, although slightly worse than what we expected because of volatile items such as food prices. The underlying picture is still pretty comfortable.
More Quotes from Adam Cole:
The market is increasingly seeing a risk that the Fed pauses in its rate cycle -- not only that but also the peak in the interest cycle will be considerably lower.Adam Cole
We would expect the Fed to say something about Katrina and what it means for the immediate and long-term impact on activity and I think there's a lot of uncertainty about what they may say.
Adam Cole
We will see a gentle upswing from here.
Adam Cole
People are keen to see more evidence of rates going up in Europe and further comments are helping the euro bulls. I don't see a big move in the euro coming yet though, while U. S. rates are still this high.
Adam Cole
What is doing the damage is the fact that the U. K. is pulling in more imports, which shows the continued strength of the economy and the strength of sterling,
Adam Cole
What we're seeing today is a very long-term trend asserting itself - people abandoning the euro and buying the U. S. economic miracle, ... OPEC's decision is not helping the euro much today either.
Adam Cole
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If Wellington epitomizes the English gentleman, Eisenhower epitomizes the natural American gentleman.John Keegan
It is quite an illusion to imagine that one adjusts to reality essentially without the use of language and that language is merely an incidental means of solving specific problems of communication or reflection.
Edward Sapir
Well, this week for example, I was just in Los Angeles making a documentary for German television on whales. They had tried to get me in England where they missed me.
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