The markets are reacting to the shock of seeing a jump in import prices. It raises concerns about inflationary pressures, and higher interest rates down the road.
More Quotes from Jay Bryson:
If there is an 'issue' with the US external accounts, it is not the bilateral trade deficit with China but rather the overall deficit that the US incurs. After all, the large current account deficit means that the US spends more than it produces, which requires financing from abroad.Jay Bryson
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.
Jay Bryson
An upward surprise in the (producer price index and consumer price index) would be bad for stocks ... but if you get benign readings (this) week, that gives the Fed the ability to be able to pause if necessary.
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
It's very easy to get the trade gap to narrow, have a recession in the United States to cut spending here. But I don't think anyone wants that to happen.
Jay Bryson
When that happens, the dollar will begin to depreciate.
Jay Bryson
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