The central bank is telling the market they have more rate hikes to come and the risk is that it puts rates up more than investors think.
More Quotes from Michael Thomas:
It's in my nature to be involved in the community.Michael Thomas
Once Square 54 is decided and the conditions of the development are worked out ... there may not be other such opportunities for some time.
Michael Thomas
It's not a good time to hold 10-year Treasuries. The economy is holding together well. It would not surprise me if we get a hike in every meeting up to January.
Michael Thomas
You can write off the chance of the Reserve Bank cutting rates this year and well into next year. Good profitability means you can hire people.
Michael Thomas
My gut instinct is that the Australian dollar will wobble a bit lower from here. The interest rate differential is slowly being eroded. The Australian dollar is now less attractive to overseas investors.
Michael Thomas
I will support Bob in everything he will do. The people who have worked on my campaign will support Bob as well. That is the way America works when the public speaks, we back them. It has been a humbling experience for me to have so many people support me during my campaign.
Michael Thomas
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Based on Topics: Danger & Risk QuotesIf you can't sleep, then get up and do something instead of lying there worrying. It's the worry that gets you, not the lack of sleep.
Dale Carnegie
Geological change usually takes thousands of years to happen but we are seeing the climate changing not just in our lifetimes but also year by year.
James Lovelock
Love is a hole in the heart.
Ben Hecht