Mark Cliffe Quotes (8 Quotes)

His reputation as an arch-dove on inflation is rather misleading.

I think he's going to lean towards indicating that the Fed isn't in a hurry to raise rates,

For the last three or four years there has been a gradual reduction of staffing on foreign exchange desks for doing these intra-European trades partly because the volume has declined,

Markets want to hear some kind of hint that they'll back up these words with action, specifically intervention in foreign exchanges to drive the euro higher,

I think most of the staffing implications have already been taken on board. It has been happening gradually over a period of time.

As we go into the new year, we have to ask ourselves 'Can this growth continue, and what is going to happen with Iraq'

For most people in financial markets, this is typically put in a box labeled 'too difficult'. There's just no sensible way of producing a systematic probability of the outcomes and it's very hard to put numbers or values on it.

I think the market is in a dangerous position. It has gone a long way toward pricing out a Fed rate increase, and that does leave you vulnerable if data comes out pointing to inflation.