We fear the Fed has pushed too far with its (monetary policy) accommodation and will have to hike in a hurry,
More Quotes from Ram Bhagavatula:
Relative to what was the first estimate of GDP, this data was a little worse and that's going to make the third-quarter GDP a little worse, to around negative 1.2 percent,Ram Bhagavatula
The slump in stock prices and bond yields points to weaker economy ahead. An easier monetary policy will help the economy stay on an even keel as consumers and businesses adjust to a weaker outlook ... We think the FOMC will see the wisdom of acting early.
Ram Bhagavatula
It doesn't mean much. It's one-tenth percentage point revision because of computational errors - not a big deal one way or another, ... It doesn't change the underlying picture. Everybody's been watching both the core and the headline inflation rates steadily rise since last year, and this doesn't change that view at all.
Ram Bhagavatula
The bond market is still focused heavily on the Fed commitment. The Fed is increasingly telling us that it's the performance of the economy rather than a point in time that dictates policy change. And the performance of the economy is here.
Ram Bhagavatula
Readers Who Like This Quotation Also Like:
Whenever a man's friends begin to compliment him about looking young, he may be sure that they think he is growing old.Victor Hugo
Music is a way to dream together and go to another dimension.
Cecilia Bartoli
Life is like dancing. If we have a big floor, many people will dance. Some will get angry when the rhythm changes. But life is changing all the time.
Miguel Angel Ruiz