When you stop and think about it, if the Fed were to pause, what does it actually do for anybody ... in the afflicted Gulf region At this point they're more concerned with basic food and shelter and not really comparison-shopping for mortgages.
More Quotes from Barry Ritholtz:
We need to see a confirmation in the next few weeks. We need another session of gains of 1 to 2 percent for all the major indexes before I'll be confident that this is a bottom.Barry Ritholtz
We see inflation rearing its head across the board. Contrary to what a lot of people have been saying, it's not just energy.
Barry Ritholtz
The only dark cloud to this number is that now the Fed has no reason whatsoever to stop raising rates.
Barry Ritholtz
The budget deficit is going to have to go up over the next three to seven years.
Barry Ritholtz
I'm looking for really good earnings, and I don't know that it's going to juice the market all that much. In order to go significantly higher, what's the catalyst
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It was a matter of time before the core rate started feeling the effects of increased energy and commodity prices, ... Maybe it's aberrational but maybe it's the start of something more significant.
Barry Ritholtz
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