Michael Thomas Quotations

My gut instinct is that the Australian dollar will wobble a bit lower from here. The interest rate differential is slowly being eroded. The Australian dollar is now less attractive to overseas investors.

Recent events overseas have probably elevated the global economy to the top of the RBA's risk list,

Payrolls is one of the main indicators of how strong the economy will be and a strong number means that there will be more rate hikes from the Fed. Yields are heading up across the curve.

I will support Bob in everything he will do. The people who have worked on my campaign will support Bob as well. That is the way America works ? when the public speaks, we back them. It has been a humbling experience for me to have so many people support me during my campaign.

That's because it's about 98 percent water and only 2 percent sugar. So you have to have 40 to 43 gallons of sap to equal about 1 gallon of syrup. To get 2 gallons, you'd have to have 80 milk cartons full of sap.

We didn't do our jobs. One guy would let up on every play. No one did their job.

With everyone chasing yield, if that inversion does grow to 10 or 20 basis points, people will have to reconsider whether they should be investing in the long end or back at the short end, where they can get a higher rate. With the Fed putting rates up at the short end, that's going to be attractive to people with a short-term investment horizon.

We will help Philadelphia where Philadelphia needs it most.

We're working with the six states to help them develop strategies.

We are appreciative of the additional funding we've gotten this year. We'll build it into the budget the best way we can. We're not anticipating any cuts.

The results of our policy implementation work have been impressive - on average, our clients have seen - at the plan level - nearly a quarter percentage point contributed to their return while reducing total fund tracking error.

There's a few areas in the economy that aren't doing as well, such as retailing. The central bank may keep interest rates on hold this year.

The trend should be a weakening one for the Australian dollar.

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Primarily, junk. But you can see just by the numbers, the growth is there for the fresh stuff.

People spend in their leisure time and in the modern economy people are more mobile. But it goes both ways. We get a substantial amount of our turnover from visitors.

Some people wait until the end of the year and accept the $2, $3 finance charge, but we have accounts that are owed in the thousands of dollars, some reaching up to over 20 years. Sometimes, people take the approach that if they don't pay, nothing will happen to them.

You need a lot of overhead clearance for all these technologies. The old building had a real low roof deck, and there was absolutely no room to put anything overhead. With this new design, we can continue to grow technologically. We just started an electronic medical records program. We hope to have computerized physician order entry sometime in the next year or so.

At any given time, we have people that are late paying, and that amount can vary significantly. We have delinquent payments coming from all over the borough, but it's not a geographic or social circumstance.

It's the fourth-largest city in Mexico. Its population is larger than the whole state of New Mexico.

It looks like the two-year note will also have a low ratio because the market is not willing to pay a higher price for the new supply. It means the yield will likely be higher going into the auction.

It looks like this is a one-off, ... and we will return to sub-par growth after this.

Conditions in the U.S. are still buoyant. Ten-year yields at these levels are still expensive.

It's not a good time to hold 10-year Treasuries. The economy is holding together well. It would not surprise me if we get a hike in every meeting up to January.

Economists are forecasting a strong start to the year. That adds to the idea that the pressure in the short term is for higher yields.

It's in my nature to be involved in the community.

It's certainly going to boost GDP to above what expectations were. It wouldn't surprise me to see growth of around 1.25 percent for the quarter.

It went from being nose bleeds to being something that's just a little bit more than just a common nose bleed.

They looked good. It's good to have depth at the quarterback position because you never know what could happen.

Once Square 54 is decided and the conditions of the development are worked out ... there may not be other such opportunities for some time.

Inflation fears are still around. Bonds will be on the back foot and stay under pressure.

It has been quite a remarkable undertaking. We are making really good progress.

However, it is too early for the bank to know just how big the impact of the hurricane will be and, hence, too early for them to reconsider their neutral stance.

You can write off the chance of the Reserve Bank cutting rates this year and well into next year. Good profitability means you can hire people.

The chance to help alleviate suffering and save lives is extremely important and we are proud to be helping the people of New Orleans in this way.

The central bank is telling the market they have more rate hikes to come and the risk is that it puts rates up more than investors think.

The Medley report brought down expectations of how far the Fed will go, but we think there's enough strength in the economy for the Fed to raise rates right until May. Yields have to go higher. It's hard to justify buying Treasuries.