The market is really worried about events abroad and what may go on at home,
He didn't give the impression that the Fed is panicking.
The super-sized issue from AT&T reminds us of how . . . investor demand for long-term investment-grade corporate bonds is very strong. Corporate America has more than offset (the) reduction in federal borrowing . . . brought on by the emergence of the federal budget surplus.
It makes sense to sell 30-year bonds now. This is an attractive opportunity to extend maturities.
The credit market right now is bracing for some bad news. Yields should continue heading higher until the U.S. economy slackens appreciably.
We can talk about GDP, but what does that mean to most people? The everyday American has a better handle on where the Dow is today, where it was not long ago and where it was at its peak.
What we have here is a dangerous mix of fast-growing debt and fast-rising unemployment that could quickly put the brakes on consumer spending.
I think there's a very good chance we could see the Federal funds rate rise to at least 5.25 percent by year's end, ... If not up to 5.5 percent, which would be a complete reversal of late 1998's three-staged reduction.
Five years of having equity market growth of 25 percent a year seems to be a thing of the past. The law of long-term averages is reasserting itself.
I don't think it's going to stop. It may be a fine opportunity to lock in a fixed rate that may prove to be relatively attractive historically.
