The credit markets have been very useful guides to industry prospects. Whatever reassuring signals they are sending shouldn't be ignored.
More Quotes from Richard DeKaser:
For the U.S. as a whole, I expect we're going to have an orderly correction. But that doesn't mean it's going to be equally orderly in all places.Richard DeKaser
January marked an end to the economic concern caused by the hurricanes ... and the related increase in oil prices.
Richard DeKaser
Taking it at face value, the hurricane played a big role in contributing to the weakness. Consumer spending was abysmal in October and November. It's an extremely weak report overall.
Richard DeKaser
There are not a lot of surprises here. We knew February will be a down month in spending after a torrid January due to mild weather. This is exactly what we got.
Richard DeKaser
This locks in strong odds of a January move. March is still a toss-up. I think the Fed in its own admission is in the neutral zone.
Richard DeKaser
The apparent influence of White House economists has been quite small throughout the Bush administration, which hasn't changed much of late.
Richard DeKaser
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