15 Quotes by Michael Cheah

One thing that's clear is that the Fed is saying that they don't know what the future holds.

If the yield curve inverts, that is bad because banks will not lend money at rates lower than their borrowing costs. It's as simple as that and the economy will slow down naturally,

For us to give up some of the gain for consolidation, for correction, is very, very healthy.

I think this has to be put into perspective. We had a huge, huge rally for a long time in the bond market. We are talking about how 10-year yields have fallen from 5.4 percent in March to oh-my-goodness-I-can't-believe-this 3.6 percent.

The prevailing fear for March being bad for Treasuries is so strong that nobody is stepping up to buy. The value investor in me says there's a buying opportunity in here somewhere, but I have to be respectful of the current sentiment.

Could that happen again? Sure, because it will take the clear signal of a rate cut before the two-year note yield will start moving down.

A slowdown is baked in the cake. A big part of economic growth has been driven by consumer home-equity loans and if home prices are subdued, you won't have more loans driving spending.

A slowdown is baked in the cake, ... A big part of economic growth has been driven by consumer home-equity loans and if home prices are subdued, you won't have more loans driving spending.

A lot of people are afraid that increases in the PPI will eventually spill over to the CPI but it's important to put things into perspective. The majority of the average cost of goods is from labor and wages are still under pressure,