Expectations are one of the biggest parts of the inflation process,
More Quotes from Anthony Crescenzi:
The market has done part of the job, but this tightening is not yet substantial -- financial conditions are still near their loosest points in many, many years,Anthony Crescenzi
I think it is more psychological than anything, ... But there is concern more money will be put in euro reserves than in dollar reserves.
Anthony Crescenzi
The rumor that China will devalue carries little basis in truth (for now). It seems to be largely a by-product of the devaluation of the Brazilian real.
Anthony Crescenzi
Fundamentally there is not a good basis for the yen to rally today. But the bottom line is the dollar is more stable than we would have thought Friday.
Anthony Crescenzi
The burden of proof is on the bears right now.
Anthony Crescenzi
Today, the market witnessed the other side of that de-leveraging process, ... If this was the fuel driving up bonds recently, there's probably not a lot of that left.
Anthony Crescenzi
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