I think there's probably at least another 50 point hike before the election, and then if the economy doesn't slow in the third quarter, watch for the stock market to anticipate more after the election, because from September to November, they are likely to be quiet,
I think the stock market (will) continue high no matter who wins, ... because of excess liquidity, steady growth and rising profits.
Our sense is there's not a whole lot left in the bond market because we're not worried about recession. We're certainly not worried about profits and so I think the money comes back to stocks before too much longer.
A deficit of only $8.4 billion in fact is not as much of a drag on GDP growth. It keeps things faster and also means that American exports continue to remain competitive in a market where the world is growing generally slower than we are.
A deficit of only $8.4 billion in fact is not as much of a drag on GDP growth, ... It keeps things faster and also means that American exports continue to remain competitive in a market where the world is growing generally slower than we are.