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| | ... then you can forget a lift-off in September, or in December... perhaps, forget all about it for all of next year. Yes Virginia, I refer to the drop in the Empire State Manufacturing Index. And girl, was it a surprisingly big thud. The index plunged to ... |
| | | ... far above the 8.8% average in 2004-2007 and is just on par with the highest rate recorded after the 2001 recession. Yes Virginia, the 10.4% was the US labour market's source of anguish in the early 2000's, now it is cause for celebration. The rate for ... |
| | | ... hear what they want to hear and think what they want to think." This saying was on full display over the past 24 hours, Virginia... just look at the headlines. Yes, of course, I'm scribbling about the talk of the town that is the "when" of the Fed's ... |
| | | Scratch September. Make that December. That's the Fed lift-off Virginia. And just so you and I don't miss that point, the Australian Financial Review (AFR) even quoted Douglas Borthwick -- head of foreign exchange Chapdelaine & Co - saying that, "I'm ... |
| | | ... hovering between 17% and 21%." This makes more sense to explain Wall Street's happy trading the other day, does it not Virginia? Instead of the headlined the US economy is stronger now so, yes you can Janet. Do it... in September? Sure, sure. If so ... |
| | | It's out!...and it didn't surprise. Yes Virginia, there were no surprises in the Fed's decision to keep monetary policy unchanged after it concluded its 28-29 tete-a-tete. But what was surprising was Wall Street's reaction - the Dow and the S&P 500 ... |
| | | ... in response to relevant information about how things in the economy are tracking relative to policy objectives". Yes Virginia, the Australian Bureau of Statistics' (ABS) CPI report for the June quarter has heated up speculations of whether or not the ... |
| | | ... yesterday. The heading says it all really: "Apple, Google and Microsoft explain the problem with Australia's sharemarket". Yes Virginia, the mammoths of the tech world have joined in the "bash Australia" crowd. There's something wrong with our share ... |
| | | ... lift while the RBA is expected to remain on hold or maybe, cut some more. You already know where I'm going with this Virginia, don't you. The A$ action - like we've seen over the past few months - is mainly a US dollar story, i.e., it depends on whether ... |
| | | ... rate dropped by more than expected. This is jobs growth in America has not yet approached terminal velocity.A Oh yes, Virginia, we can pick and choose from among the details of the payrolls report - and I doubt not that we can find a few that points ... |
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