At least one spooky theme behind these moves has been mounting concern that the latest spike in energy prices will cascade into other costs and prices, drive up inflation expectations and force the Fed to be even more fearsome than expected in its tightening campaign,
More Quotes from Douglas Porter:
I think it will improve liquidity and the attractiveness of owning Canadian financial assets, although I don't see it as a watershed event for Canadian financial markets.Douglas Porter
While it's a bit of a surprise, the slightly downbeat news on confidence can be explained by the ongoing weakness in employment, and perhaps consumers are a little concerned about the backup in mortgage rates. But while they're becoming less confident, they're still buying -- the latest sales numbers still look good.
Douglas Porter
This points out that the labor market remains as tight as ever.
Douglas Porter
Pretty much everyone, as well as their Uncle Bob, is expecting the Bank of Canada to raise interest rates by 25 basis points a quarter of a percentage point to 3 per cent at tomorrow's announcement.
Douglas Porter
While the economic data have been all over the place in recent weeks, there are no obvious signs that the economy is cracking in the face of record energy prices. Indeed, the export and production data have been surprisingly perky.
Douglas Porter
There really can be little debate now that Western Canada is already experiencing the closest thing to full employment in over three decades, with the jobless rate west of Ontario just barely above four per cent.
Douglas Porter
Readers Who Like This Quotation Also Like:
Based on Topics: Energy QuotesBased on Keywords: cascade, fearsome, spooky
It's a tough world out there and all the guys are fighting hard and the competition is really tough.
Guy Forget
By that I mean, I think that it is true that politics and political heroes have to satisfy our need to be greater than mortal in some way, and that's led them into creating illusions, sound bites, focus groups that tell you what to do.
Sydney Pollack
I think everyone should sit down and write a book. It's a lot like therapy but a lot less expensive.
Norma McCorvey