The perception in the market that the Fed has done a good job of controlling inflation spirals has taken the risk premium from the back or long end of the yield curve.
More Quotes from John Herrmann:
Consumers have continued to drive consumption more out of total income growth than out of credit expansion. Consumers are well aware that they have to rein in credit relative to personal disposable income.John Herrmann
I like the idea of getting rid of it, and I also like the idea that it's a very valuable piece of property for the school district, and I wonder why the city doesn't want to buy it.
John Herrmann
Globally, the U.S. and some emerging markets are the leading growth engines.
John Herrmann
The economy will actually be more resilient than what he's thinking. Without Fed vigilance, there is a pretty good chance that rising energy and materials prices will begin to impact core inflation.
John Herrmann
This oil-induced crisis from Katrina is going to be good for housing, ... Mortgage rates are headed lower, and that's going to support the housing market. It will help with refinancing activity and construction.
John Herrmann
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