There's only been one spokesperson on the dollar. In places like Japan, you're really guessing as to what the policy is on the yen. No one else speaks for dollar policy - it's a fact. That's why the dollar has had a three-year run against the yen.
More Quotes from Anthony Crescenzi:
I've been calling for the bond yield since the beginning of the year to get toward 6 percent,Anthony Crescenzi
It remains rational to expect job gains of over 200,000 per month in the upcoming months, ... The longer it takes to reach that point the more likely it is that forecasters will continue to skedaddle and lower their forecasts still further.
Anthony Crescenzi
Right now we have to take a step back and say how much further can we go with this news. Where fed funds are now, at 6.5 percent, makes it somewhat difficult for the (bond) market to trade higher or lower in yield.
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
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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