22 Quotes by Jim Bianco

We've got economic strength that is much stronger than most people had expected.

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.

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.

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.

One thing to understand about interest rates is that they're bad in both directions. Having rates at an extreme low is bad. By encouraging them to go further, the Fed only makes it worse.

Now that the GM strike is over, we should see a big rebound in industrial production numbers.

Now that yields are moving up, all these reasons have been shoved aside, and order in the universe has been restored.

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.

Greenspan has done a good job of morphing himself into the nation's chief economic officer and chief investment officer. He's been elevated to the status where we can't cut taxes unless Greenspan says we can cut them.