Intervention can be effective in the short term, but it doesn't do much to arrest the bigger issues. The market would appreciate structural reforms, such as tax reform, labor reform and pension reform.
More Quotes from Bob Lynch:
Fed Chairman Alan Greenspan has made it clear that he is concerned with what is happening with the economy's growth right now, and not with what occurred in the first and second quarters, ... That is why the July job numbers will be important.Bob Lynch
There are still some signs of tightness in the labor market.
Bob Lynch
Few thought the United States would come in to begin with.
Bob Lynch
The jobs report only goes part of the way toward confirming slower U.S. growth. It is not enough to push the euro up to 97 cents anytime soon.
Bob Lynch
Buying euros and selling yen is a better way to trade the euro recovery story,
Bob Lynch
It's obvious the market isn't buying into a weak U.S. economy story despite the unexpected softness in Friday's data.
Bob Lynch
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Walt Whitman
Only to he avoid misunderstandings, I must say that even last year, when I wrote my pamphlet, I heartily wished that Prussia should declare war against Napoleon.
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