Thomas Lam Quotations

We have profited from a mutually beneficial relationship with Mr. Kowalski since 1996. We look forward to working more closely with him to improve our production and revenue capability.

Given the trend of an aging population, especially in Japan, I would presume that the 30-year bond in particular should fetch decent prices.

I suspect that economic data will put a downward bias on yields.

We're a factory, we're not Sony, but the world is changing and we'll do whatever retailers require.

Today's telecom operators no longer need to build a brand new network for each new application. What they do need immediately is to develop an IP-based next-generation network, or IP NGN, which can adapt to present and future applications. Cisco CRS-1 is helping operators advance the development of IP NGN, so that all current and future applications can be integrated on one network.

We are skeptical on the quick rise in yields as nothing has fundamentally changed in the past few weeks. The bias is for yields to go downward.

Demand from pension fund and insurers should be relatively firm.

The bias is for U.S. Treasury yields to trade modestly to the downside on risk-aversion shifts and the downside biases on U.S. economic releases this week.

Supply will be a greater factor pushing up yields. Investors won't be too keen to push yields any lower, even if economic data look positive for the market.

It will compress consumer spending through negative wealth effect.

The Fed will probably go along with what the market has priced in to minimize volatility and any policy surprises.