The writing seems to be on the wall at this point. Prices are still falling. Meanwhile, the supply continues to rise.
More Quotes from Chris Low:
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.Chris Low
The bottom line - despite the minus sign in front of the number, (payrolls) are a lot better than we thought.
Chris Low
It is difficult to make the case this index will continue to rise at a healthy clip.
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.
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.
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If they diversify from the U.S. dollar denominated assets, it would lower the value of the U.S. dollar relative to China's currency, the yuan, and make it more expensive for American companies to buy goods made in China.
Chris Low
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The kind of thing I'm good at is knowing every politician in the state and remembering where he itches. And I know where to scratch him.Earl Long
We are just an advanced breed of monkeys on a minor planet of a very average star. But we can understand the Universe. That makes us something very special.
Stephen Hawking
I have had the good fortune to see how my articles have directly benefited some farmers and helped build markets for their products in a way that preserves land from development. That makes me a hopeless optimist.
Michael Pollan