I think the majority of the Fed governors are going to realize that the boom in the stock market that we have had, the upward revision for employment growth, the strong income and savings rates are not something they are going to have to deal with for the July meeting. That will make it a lot easier for them to hold a steady policy stance.
More Quotes from Michael Strauss:
You'd want to refinance to either reduce the monthly cost of your mortgage or to reduce the amount of time remaining on your mortgage, ... In some cases, you'd actually keep both the payments and loan length the same but refinance to tap into the equity and pull out some of the appreciated value.Michael Strauss
The sell-off in the bond markets, not only here, but in global bonds, is scaring a lot of investors. At the same time, we are seeing a rotation from some of last year's bigger gainers, such as the energy companies, and people are just taking profits on those big names.
Michael Strauss
We support reform of the U.S. immigration system, but we also estimate about 20 percent of the current residential construction workforce nationwide is composed of foreign-born workers.
Michael Strauss
Oil shouldn't be trading above 65 a barrel. It constrains the whole market and only some energy utility shares benefit.
Michael Strauss
They (immigrants) are productive workers and they are needed in our industry.
Michael Strauss
The market probably did a reasonably good job anticipating this pickup in inflation. Investors are relieved there wasn't more pressure on core inflation. Unfortunately, we're probably going to see that pressure in the upcoming months.
Michael Strauss
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