People are focusing on the impact of higher energy prices on the consumer instead of focusing on the impact of higher energy prices on inflation.
More Quotes from Drew Matus:
This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.Drew Matus
If we get more inflationary data, that could bring people back to their senses. Just because the Fed talks about inflation in a benign way one meeting doesn't mean that feeling will be pervasive at the next meeting.
Drew Matus
With income growth strong and the labor market set to tighten through 2006, the overall growth outlook should remain robust.
Drew Matus
Of course it's great for inflation. But, really, the market doesn't care about the numbers because they're not the payrolls report.
Drew Matus
I would have thought people would have changed their earnings expectations given that higher rates were expected to slow growth. The expectation all along was that because of productivity growth, companies would be able to keep boosting their profit margins, even if they weren't producing as much in goods and services, but that's obviously is not the case.
Drew Matus
We have had an extraordinary period of job growth the last four months. The bond market is always worried about higher growth, and the equity market is concerned that the Fed might be more likely to overshoot, and take rates too high.
Drew Matus
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Based on Topics: People QuotesResort is had to ridicule only when reason is against us.
Thomas Jefferson
But you are alone. Yet I never tell what you are. And if your face lights up my world as no other can - well, this feeling too, when viewed as the mere psychologist has to view it, appears to be simply what all the other friends report about their friends.
Josiah Royce
In almost everything, experience is more valuable than precept.
Marcus Fabius Quintilian