It does look like the economy is losing steam. After two years of Fed tightening, it's simply gotten more expensive to finance whatever it is you're trying to finance.
More Quotes from Chris Low:
The writing seems to be on the wall at this point. Prices are still falling. Meanwhile, the supply continues to rise.Chris Low
Retail sales are expected to be down, but worry about Producer Price Index and Consumer Price Index releases Thursday and Friday could keep any bond market rally in check.
Chris Low
They (China) ship a lot of goods to Wal-Mart. Wal-Mart pays for these goods in dollars and manufacturers in China trade these for China's local currency and eventually the dollars work their way into China's central bank.
Chris Low
With three negative reports in a row, it's ugly. What we are seeing is two things it is the storms and a pre-existing condition that came with the end of auto discounting. Part suppliers and their raw materials suppliers benefited from auto sales incentives.
Chris Low
The most important thing is that US interest rates are still higher than rates in other reserve currency economies and because of that, there's an advantage to investing here.
Chris Low
The bottom line - despite the minus sign in front of the number, (payrolls) are a lot better than we thought.
Chris Low
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