What we can do is take the core rate of PPI and combine it with last week's 5 cent-an-hour jump in average hourly wages and say that inflation looks like it is a concern, maybe not a problem yet, but a concern. And the Federal Reserve was justified in raising rates and may be justified in raising rates again in the May or July meeting. - Jim Bianco Quotes
What we can do is take the core rate of PPI and combine it with last week's 5 cent-an-hour jump in average hourly wages and say that inflation looks like it is a concern, maybe not a problem yet, but a concern. And the Federal Reserve was justified in raising rates and may be justified in raising rates again in the May or July meeting. Jim Bianco
 

More - Jim Bianco Quotes

So this continues a pattern where the economic community seems to consistently underestimate the strength in the economy. - Jim Bianco Quotes

So this continues a pattern where the economic community seems to consistently underestimate the strength in the economy.

Jim Bianco

 Community
If we were to see high wage numbers that have filtered through into higher PPI and CPI, the concerns would immediately go up that the Fed isn't going to more once or twice, but much more than that. And that would not be taken well by the markets. - Jim Bianco Quotes

If we were to see high wage numbers that have filtered through into higher PPI and CPI, the concerns would immediately go up that the Fed isn't going to more once or twice, but much more than that. And that would not be taken well by the markets.

Jim Bianco

 
It was higher than expected and the [bond] market is not reacting well. - Jim Bianco Quotes

It was higher than expected and the [bond] market is not reacting well.

Jim Bianco

 
No one has a feel for where the bottom is. The bond market is in a holding pattern waiting to see what the stock market does. - Jim Bianco Quotes

No one has a feel for where the bottom is. The bond market is in a holding pattern waiting to see what the stock market does.

Jim Bianco

 
The consensus is now quickly forming, like it did in July, that the Fed is going to move (rates), and move on September 24. But I'll be a maverick and say they won't move. - Jim Bianco Quotes

The consensus is now quickly forming, like it did in July, that the Fed is going to move (rates), and move on September 24. But I'll be a maverick and say they won't move.

Jim Bianco

 
It's just another way to play the stock market. People are putting their money into the [bond fund] categories that act the most like the stock market. - Jim Bianco Quotes

It's just another way to play the stock market. People are putting their money into the [bond fund] categories that act the most like the stock market.

Jim Bianco

 
The problem with the Greenspan Fed is that it has been a 'make it up as you go along' Fed. There is no philosophy with Greenspan. He changes his mind about all of this stuff. - Jim Bianco Quotes

The problem with the Greenspan Fed is that it has been a 'make it up as you go along' Fed. There is no philosophy with Greenspan. He changes his mind about all of this stuff.

Jim Bianco

 
It's about the stock market, not about the economy. - Jim Bianco Quotes

It's about the stock market, not about the economy.

Jim Bianco

 Economy
The volatility that we've had in the stock market is higher than we've been accustomed to over the past several months. We've now finally broken into the range where the moves are greater than 1 percent, but as long as they're not 2 percent or 3 percent, we're not in that range where you would start to call them extraordinary. - Jim Bianco Quotes

The volatility that we've had in the stock market is higher than we've been accustomed to over the past several months. We've now finally broken into the range where the moves are greater than 1 percent, but as long as they're not 2 percent or 3 percent, we're not in that range where you would start to call them extraordinary.

Jim Bianco

 Past
It's not so much what bonds need to do. The focus is stocks and what that market does. Stocks need to re-introduce the element of risk and fall 10 percent off their highs to make bonds look good. - Jim Bianco Quotes

It's not so much what bonds need to do. The focus is stocks and what that market does. Stocks need to re-introduce the element of risk and fall 10 percent off their highs to make bonds look good.

Jim Bianco

 Focus
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