In no way is that positive for the administration in the fall. We are going to be in Iraq at the same time. It's war and the (slowing) economy. That has to be negative for the administration.
More Quotes from John Silvia:
I suspect that there's a little optimism that the Fed will signal that they are just about done, that they'll change their language from saying 'further policy firming may be' to saying it 'might be' needed.John Silvia
I think it's way overdue for this administration to get tough on spending,
John Silvia
What you're seeing is that inflation is rising, ... It's still at a low level, but you know what the trend is. The question to ask is, How much is too much At what point does the Fed say it's risen enough that we don't want it to go any higher That's the difficult question to answer.
John Silvia
Employment and wages are stronger and therefore, consumer spending is stronger. Housing is slowing, but not as much as we would have expected, and the price of oil is so far not having that big an impact on the consumer.
John Silvia
The economic recovery has legs -- those of a pony, not yet a quarter horse.
John Silvia
I would say the consensus is that the Fed goes to a neutral position on inflation.
John Silvia
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I'm against sloppy, emotional thinking.
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