Lincoln Anderson

I'm more interested in whether the losses we'll see on Friday are a permanent feature on the landscape or just read more

I'm more interested in whether the losses we'll see on Friday are a permanent feature on the landscape or just the result of people pushed out of work due to Katrina and Rita. I think the market will look at it and shrug it off and look at what's going to happen in October.

There's not a big inflation problem. Under those circumstances, you get a benign yield-curve inversion.

There's not a big inflation problem. Under those circumstances, you get a benign yield-curve inversion.

In the meantime, the data on the US economy (especially employment and industrial production) will look very weak in the read more

In the meantime, the data on the US economy (especially employment and industrial production) will look very weak in the next few months,

It reminds me of PIO, or pilot induced oscillation, a lag in the plane's response to a pilot moving the read more

It reminds me of PIO, or pilot induced oscillation, a lag in the plane's response to a pilot moving the stick, ... You push the stick down and the plane doesn't go down right away, so you push it down more, and then it really starts to fall. The same thing happens in monetary policy if you have gradualism in interest rates.

That makes it definitely worth watching how bonds are trading. When there are problems at a company, the institutional bond read more

That makes it definitely worth watching how bonds are trading. When there are problems at a company, the institutional bond investors tend to figure it out before the rest of the retail market and dump their bonds.