It's not the first time in the history of OPEC that we've had problems with cutbacks, and when the price goes up, then the cheating starts.
More Quotes from John Ryding:
This increasing activism by the Justice Department seems to be applying a model of competition that applied to 19th-century America, rather than 21st-Century America.John Ryding
The bond market had a pretty good move upwards yesterday, but I don't think we're going to get back to that kind of mania to buy Treasuries that we had in the month of September.
John Ryding
The low level of jobless claims in January was believed to be partly due to unseasonably warm weather that would have resulted in fewer than normal seasonal layoffs. However, despite a return to more seasonally typical weather in February, unemployment claims have remained low.
John Ryding
The December Institute for Supply Management report points to slower, though still solid, expansion in manufacturing conditions in the month. It also suggests that price pressures, while still elevated, are rising more slowly.
John Ryding
From the Fed's perspective, slack in the production sector continues to diminish, which should maintain Fed concerns about upside risk to inflation.
John Ryding
The level of the stock market is always an issue for the Fed but I don't think it's such an issue that it's going to influence Fed policy.
John Ryding
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Based on Topics: History QuotesBased on Keywords: cutbacks
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The best way to have a good idea is to have a lot of ideas.
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What has made this nation great? Not its heroes but its households.
Sarah Orne Jewett