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.
More Quotes from Chris Low:
The Fed would only pause on the GM news if there were some indication that the news threatens the health of the economy as a whole or the health of the financial markets as a whole.Chris Low
This is clear confirmation that the unusually warm weather in January boosted sales, and February sales just fell back to more normal levels. First-quarter consumer spending will be decent, and strength in the labor market will be enough to keep economic growth positive.
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The trade deficit widened to a record in September, as expected. But it wasn't the oil story we were all looking for. Instead, it boils down to Boeing and Airbus, with the European firm holding the cards this time around.
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Any attempt to bypass the markets, remove market incentives and replace them with government incentives sets us on the wrong path. After Nixon and Carter, I didn't think we'd make that mistake again.
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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
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