“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.”
“Business activity in the services and construction sectors has been accelerating in recent months and is now growing quite quickly, providing momentum for the economy coming into 2005.”
“Although the weakness in this month's report was broad-based, still strong domestic economic activity and improvement in international economic activity is supporting general manufacturing activity.”
“We're probably much more likely to be trading closer with the dollar. There may be some intervention that's coming, which is what the market is looking for, but it's obviously one of those things that we won't know about until it happens.”
“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.”
“These data continue to suggest that labor market conditions are much more robust that recent payroll employment and help-wanted reports have indicated.”
“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 a value cycle. Do you get a sixth year? You could. But I'm not convinced we'll see it.”
