This last comment is crucial, especially when the U.S. Congress last night rejected restrictions on tax cuts and spending, and raised the federal debt limit by 800 billion, to 8.18 trillion.
More Quotes from Ashraf Laidi:
After the Fed comes out with its rate hike, and when it communicates to the market that it's satisfied with where rates are for the time being, then we may go back to focusing on the deficits.Ashraf Laidi
If China was to completely get rid of its currency peg, and the yuan became completely convertible, it would fall under pressure. It would become another Thai baht.
Ashraf Laidi
Today's data are very heartening, especially after Alan Greenspan yesterday played down any potential risks that the United States is having difficulty in financing its trade deficit.
Ashraf Laidi
Given the aforementioned dynamics, it is more probable for the U.S. trade deficit to continue soaring to record highs than it is probable for foreign capital flows to keep up with swelling imbalance.
Ashraf Laidi
The number is not good for the dollar. There is increased difficulty for the U.S. to finance its swelling trade deficit.
Ashraf Laidi
This story is important because I don't think we are going to have a lame duck secretary at a time when the president of the fastest growing nation in the world is coming here and when the forefront of relations between China and the US is on finance issues.
Ashraf Laidi
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Based on Topics: Business & Commerce Quotes, Congress Quotes, Government Quotes, Tax QuotesAsking a working writer what he thinks about critics is like asking a lamp-post what it feels about dogs.
Christopher Hampton
The interval between a cold expectation and a warm desire may be filled by expectations of varying degrees of warmth or by desires of varying degrees of coldness.
Samuel Alexander
Things change so fast, you can't use 1971 ethics on someone born in 1971.
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