This is taking dollars from Wal-Mart and giving it to Shell. It's shifting the money. It's not increasing inflation.
More Quotes from Stephen Wood:
The rebounding dollar-yen is helping give a lift to the bond market, ... People are taking some comfort from the fact that it appears officials will act to keep the yen from rising too much, and the fact that there's less anticipation of an Oct. 5 rate hike.Stephen Wood
In the past five years, value has done OK, but the real story is that growth has been getting clobbered, We don't think growth will roll over and go belly up. Once a style comes into favor, it tends to stay there for years. You just had the fifth year of
Stephen Wood
Better weather and larger tax refunds are fighting with slow growth in jobs and wage income to determine the strength of consumer spending. Right now, it's about a tie,
Stephen Wood
Both the U.S. and Japan realize that it's not in Japan's economic interest to have a stronger yen, and they don't need anything that could potentially short-circuit that. It's probably the case that the U.S. will be willing to help them out a bit, which is what the market will be looking for.
Stephen Wood
With higher energy prices, the absence of fiscal stimulus, sluggish job creation and some moderation in Chinese growth, the Fed is probably closer to being done than it thinks.
Stephen Wood
These data continue to suggest that labor market conditions are much more robust that recent payroll employment and help-wanted reports have indicated.
Stephen Wood
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