The sentiment is not as enthusiastic as it was early this week. Investors are starting to realize that if the (economic) numbers continue to come in on the strong side, the Fed is going to tighten (credit) again.
More Quotes from Kevin Flanagan:
But I watch every game she does. I'm her biggest fan.Kevin Flanagan
Nevertheless, fourth-quarter growth was far more than anybody was looking for, and it is something that's going to keep the (Federal Reserve) on notice that growth is eclipsing their expectations by a visible amount.
Kevin Flanagan
We're 11 months through the year and any measure of core inflation hasn't captured a filtering down of higher commodity or energy prices. That's why we continue to see the 10-year yield under 4.5 percent.
Kevin Flanagan
From the Federal Reserve vantage point, the productivity numbers are favorable and will continue to provide the Fed a comfort level in its aggressive easing stance. There's no mistaking we're closer to the end of that cycle, but numbers like this will help to alleviate these anxieties.
Kevin Flanagan
The market had gotten itself into a position where the thought process was the economy was cooling off a bit and the Fed was close to being done raising interest rates. These numbers threw a wrench into the works.
Kevin Flanagan
Readers Who Like This Quotation Also Like:
In all affairs it's a healthy thing now and then to hang a question mark on the things you have long taken for granted.Bertrand Russell
The biggest game I ever played in was probably Don Larsen's perfect game.
Mickey Mantle
If our country is worth dying for in time of war let us resolve that it is truly worth living for in time of peace.
Hamilton Fish