Matthew Alexy

Obviously, there's quite a lot of concern about what's going on around the world. Greed has been replaced by fear. read more

Obviously, there's quite a lot of concern about what's going on around the world. Greed has been replaced by fear. There's not much rationality in a greed environment and there's not much rationality in a fear environment.

We see high growth with very low inflation. These aren't mutually exclusive. You have to remember the high growth that read more

We see high growth with very low inflation. These aren't mutually exclusive. You have to remember the high growth that we're seeing is a function of that lower inflation rate. If we had inflation at 3 or 4 percent, growth would be a lot slower.

It probably occurred a while ago. I don't think it has had a big impact.

It probably occurred a while ago. I don't think it has had a big impact.

The bond market is very excited about this inflation data.

The bond market is very excited about this inflation data.

We are seeing the long bond tell us that the Fed's decision was proper from an inflation perspective. Long-term interest read more

We are seeing the long bond tell us that the Fed's decision was proper from an inflation perspective. Long-term interest rates are coming down slightly, moving from 7 percent to about 6.95 percent at the this point in time. So the market isn't worried about inflation. The market thinks the Fed's decision was right.