The retrenchment in equities will undoubtedly affect the economy later in the year. This is not just a correction, it's an economic event that could affect consumer confidence and consumer spending down the road, leading to a more pronounced slowdown than the Fed is currently factoring in.
More Quotes from William Sullivan:
The data will generate a debate at the Fed about how many more rate hikes there will be.William Sullivan
There are a lot of people who are tremendously overextended and we're now getting down to a level to where these margin calls are massive. The calls are going out right now.
William Sullivan
The fear here is the economy is overheating. And this points to a Federal Reserve with a much tighter monetary policy.
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Research finds that green space produces consistently positive impact of less aggressive behavior, thus helping reduce violence. A community reading garden helps create positive effects. There should be hundreds of thousands of reading gardens all over the country.
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This was old news and didn't bring any fresh insights.
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If the unemployment rate is weak, look for the Fed to cut interest rates by a full 50 basis points (half a percentage point).
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