40 Quotes by John Ryding

Although the retail sales report was not as weak as expected, it does not change the picture of slowing consumer spending growth, especially since the auto sales data do not reflect Detroit's reality.

This means people will be able to go out and refinance their house where they may not have been able to do before and I think that we have to remember this isn't over. I suspect the Fed will cut rates again in November and that will continue to keep a lid on borrowing costs and hopefully will compensate for some of the lack of credit flows to corporations that problems in the bond market have caused.

As we work toward a reopening of the equity markets, we believe that a cut in rates is even more important than it was before.

It's not the first time in the history of OPEC that we've had problems with cutbacks, and when the price goes up, then the cheating starts.

The bond market had a pretty good move upwards yesterday, but I don't think we're going to get back to that kind of mania to buy Treasuries that we had in the month of September.

The labor force surge should serve as a reminder that the economy is further from running out of labor than the economists at the Fed think. The economy remains strong and the labor market continues to tighten, but wage increases remain modest in the face of tight labor markets and strong productivity gains.

The consequences of taking the wrong course of action - in this case not cutting rates - are potentially greater than the cost of cutting rates.

The underlying details of this report paint a stronger picture of the manufacturing sector, as evidenced by the robust growth rate of orders excluding transportation over the last three months.

And also there's a large rush of supply of corporate bonds, for example, coming to market. So we're getting a lot of supply this time of year, where normally it would be more quiet time for issuers.