The overall weaker GDP number coming from the trade data does give you a more bullish feeling on Treasuries,
More Quotes from Peter Kretzmer:
There hasn't been a lot of correlation between commodity prices and inflation since 1990.Peter Kretzmer
On balance, recent inflation reports have shown the Fed evidence of pipeline commodity price pressures but with little impact on consumer inflation trends,
Peter Kretzmer
It assures that the Fed continues to not buck what was built into the futures contract, and will move by 25 basis points in September.
Peter Kretzmer
It is a strong number. There is little sign of a slowdown,
Peter Kretzmer
Spending ended the quarter on a strong note, and that largely reflects the return of growth in auto sales. It's confirmation that spending was getting back on track.
Peter Kretzmer
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New York State is upside down and backwards; high taxes and low performance. The New York State government was at one time a national model. Now, unfortunately, it's a national disgrace. Sometimes, the corruption in Albany could even make Boss Tweed blush.
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