All of this, in terms of the FOMC becoming data dependent, comes as no surprise, and the new Fed chairman has an open agenda from which to work.
More Quotes from David Resler:
It's going to take a lot more than one month to convince me we are in a worrisome trend.David Resler
In today's integrated global economy, given the liquid nature of capital flows, an individual trade balance doesn't mean so much. A lot of the anxiety is overblown.
David Resler
Economic conditions look pretty grave right now. Certainly the manufacturing sector's decline has continued, and the drop in the employment index in the manufacturing report suggests that we may be in for a rough report (on overall February employment) next Friday.
David Resler
People don't seem to be so concerned that they're unwilling to commit future income to such purchases. The fact that people are willing to do that speaks much louder about consumer attitudes than what they tell some survey.
David Resler
Overall the 56.7 reading for the ISM index is consistent with (economic) growth in the first quarter running above 5.0 percent.
David Resler
In the past few years, money supply has moved inversely with stock price movements, and that's probably where the weakness has come from.
David Resler
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