Inflation is not an issue right now. We're looking for inflation to be between 1 and 1-12 percent this year. It's typical that you see inflation come down and stay low for a while after you have had an economic slowdown.
More Quotes from Robert MacIntosh:
It's not pretty. A lot of things just hit people today.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
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
They wanted to give themselves some flexibility, which they didn't have with that language.
Robert MacIntosh
The economic growth rate will be so weak, combined with extremely good inflation numbers, that I just don't see them doing anything in 2002.
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
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