Sooner or later, foreigners will stop financing the deficit. But at this point they show no signs of slowing down. If there were trade barriers that caused Americans to buy significantly less imports, production here would go up a little, but the thing that would take the brunt of the reduction is that our spending would go down as prices went up. We would have less of everything.
More Quotes from Jay Bryson:
Most people expect that the Fed will hike short-term rates more than the 10-year (yield) will go up this year.Jay Bryson
It's not just China, it's not just oil. We spend more than we produce, end of story.
Jay Bryson
I would agree that the risk of recession is greater today than it was a month ago. I can certainly think of how we can get to recession.
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Although the Fed likely will remain on hold next Tuesday, the ongoing strength of the U. S. economy, which today's data corroborate, may force it into action at a later date.
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The insurance payments are going to go away. The outlook remains very bleak.
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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
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