This doesn't mean that it will remain so strong in the next couple of quarters, but the Federal Reserve cannot sit down and look and wait, because whatever they do today, it takes effect in six to 12 months.
More Quotes from Eugenio Aleman:
Today's labor report could not have been more disheartening to those who thought the Fed had ended its monetary tightening. There is no possibility for the Fed to stop at the current 4.5 percent.Eugenio Aleman
Once the market realizes there is no real threat of an immediate conflict, the market will calm down and we will see oil prices back in the 50s or 60s per barrel. This is highly political.
Eugenio Aleman
Wages are 70 percent of the cost of production. That puts pressure on the cost structure of business, and the propensity is to increase consumer prices.
Eugenio Aleman
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