Based on these numbers, the markets should rise, but you have Greenspan and the CPI hanging over us, ... The PPI measures only about 20 percent of the U.S. economy, and the CPI is a far more comprehensive number.
More Quotes from Robert MacIntosh:
I've been hearing worries about it for years, but I guess I'm not worried yet,Robert MacIntosh
Consumers have proven many times over that when they can get something at a good value, they'll do it.
Robert MacIntosh
Banks, bond investors and equity investors will ratchet down their idea of what's normal and acceptable as far as earnings and cash flows go,
Robert MacIntosh
I don't see how they can raise rates, given what's happening here. They need to see job creation or inflation, and right now we're not seeing much of either.
Robert MacIntosh
Japan's big problem was that fiscal stimulus was not there. They haven't coordinated monetary policy with fiscal policy. That's what we're doing differently, and that's why we won't have the same problem.
Robert MacIntosh
It's probably not good for bonds if the Fed is still raising rates on the short end and people are uncomfortable with the yield curve.
Robert MacIntosh
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