It will compress consumer spending through negative wealth effect.
More Quotes from Thomas Lam:
Today's telecom operators no longer need to build a brand new network for each new application. What they do need immediately is to develop an IP-based next-generation network, or IP NGN, which can adapt to present and future applications. Cisco CRS-1 is helping operators advance the development of IP NGN, so that all current and future applications can be integrated on one network.Thomas Lam
The bias is for U.S. Treasury yields to trade modestly to the downside on risk-aversion shifts and the downside biases on U.S. economic releases this week.
Thomas Lam
We have profited from a mutually beneficial relationship with Mr. Kowalski since 1996. We look forward to working more closely with him to improve our production and revenue capability.
Thomas Lam
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