There's also concern the Fed will move toward a tightening bias, perhaps as soon as this month.
More Quotes from Rob Palombi:
The bond market has been pricing in a premium against potential inflation. They've been looking at the numbers for some time and assuming that U.S. growth has consistently been strong enough to trigger inflation, and that is not a good thing for bonds.Rob Palombi
It's obvious that the U.S. economy is very strong and producing jobs at a very robust pace. Even with the relatively tame wage gains, the market is anticipating another interest rate increase from the Fed.
Rob Palombi
Greenspan's objective is to keep the U.S. economy expanding for as long a stretch as possible. That's why he's being so prudent in his speeches and that's why he'll adjust monetary policy to allow for that.
Rob Palombi
There's still a lot of consumer demand out there, and as businesses try to restock their inventory levels they will increase demand, which will lead to stronger growth. That could be problematic for the Fed.
Rob Palombi
It was a very surprising number and very harmful for the bond market, given a number of Fed officials have been warning about rising inflation. We could be at the beginning of a gradual increase in CPI, which may lead to some insurance in the form of a rate hike by the Fed.
Rob Palombi
It's always been a contentious issue, though both the Ministry of Finance and the Bank of Canada, for the record, have said they're against a common currency. I think over a very long time you'll see an amalgamation of currencies, but that's a very long way away.
Rob Palombi
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Good advice is one of those injuries which a good man ought, if possible, to forgive, but at all events to forget at once.
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I think President Obama is trying to deceive the public in pretending that he was not a part of Congress that has made some decisions in the past that got us to where we are today.
Sarah Palin