Most people expect that the Fed will hike short-term rates more than the 10-year (yield) will go up this year.
More Quotes from Jay Bryson:
Although little should be made of one month's data, the smaller pace of import decline in November is consistent with other recent data that suggest that U.S. economic activity may be stabilizing.Jay Bryson
European governments have a card they could play in the current crisis token assistance in the rebuilding of Iraq, which would largely stick the United States and the United Kingdom with the entire tab.
Jay Bryson
I look at all these other indicators and say none of the others are showing recession. If he's going to make a mistake, it's going to be on being too hawkish.
Jay Bryson
I guess if there's any surprise it's that I would have thought exports would have grown a little more than they did. But in the second quarter everyone else had weaker economies, although more recent signs are that things abroad are picking up. So maybe June was too soon to look for an increase.
Jay Bryson
If things start to go really badly in Iraq, and we have a long conflict and have to destroy a lot of infrastructure, that would be very dollar negative because we will get stuck holding a lot of the tab for that, at a time when we have budget deficits going out as far as the eye can see.
Jay Bryson
People are starting to hedge bets. Obviously it's an uncertain time,
Jay Bryson
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