I think it's too soon to call for a bottom simply because history has shown us that with this currency, it's a tough bet.
More Quotes from Lara Rhame:
This is not a 'ripping off the Band-Aid' kind of situation, where you know how much the pain will be and that you'll be fine afterwards. We don't know how well the economy has healed. The Fed remains very concerned ... that they might overshoot and give the economy such a shock they'll have to cut rates again.Lara Rhame
If that's the way the world is, then that's fantastic, because if oil prices go down and the Iraq situation disappears, we're off to the races again. But I think that opinion is at worst naive and at best simply putting on a brave face.
Lara Rhame
Interest rates are low, the stock market is higher, and we hear all this talk about a tax-cut package,
Lara Rhame
U.S. treasury yields are rising and we've seen that support the dollar across the board. The dollar remains strong on the back of solid U.S. economic data and expectations that the 10-year yield is going to continue to go higher.
Lara Rhame
If you look back at the data we had in July and August, they were not very positive. Even before Sept. 11, we weren't seeing growth anywhere, except in housing and automobile sales.
Lara Rhame
I see the trade gap stabilizing, but it's hard to see it narrowing unless you get the U.S. consumer shutting down.
Lara Rhame
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