The Fed's about to cut rates, and they may cut more from a dearth of sellers than from a host of new buyers. Some people continue to make their bet on the possibility of a 50-basis point move. You see people buying to speculate on a larger cut...you're going to get closer to that meeting and you're going to find fewer sellers.
More Quotes from Anthony Crescenzi:
What he did was defend his actions rather than quell the fears of systemic risk. I'm really surprised that he'd do more to stem fears of hedge-fund community fallout.Anthony Crescenzi
This time, they want to keep rates low to fight deflation -- a demon that may have vanished already. They might be successful again, but something else might build up, some other unintended consequence, including some inflation.
Anthony Crescenzi
Rubin said that it is too early to talk about a Brazil rescue plan,
Anthony Crescenzi
It would be a mistake to get bearish on the consumer now. It's been a mistake to be bearish on the consumer for many years.
Anthony Crescenzi
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
Anthony Crescenzi
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Based on Topics: People QuotesThere is no hope unmingled with fear, and no fear unmingled with hope.
Baruch Spinoza
What region of the earth is not full of our calamities?
Virgil
When you direct your first film, you always start by telling stories that you are familiar with.
Sophie Marceau