Doug Porter Quotes
To a large extent, I think the TSE caught a tailwind from the very impressive gains south of the border. There's clearly been a change in sentiment in the U.S market in the last few weeks.
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Large | Extent | Caught | Tailwind | Impressive |
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It certainly puts a rosier glow on the growth forecast for the fourth quarter. I was getting ready to revise that one down, because there had been some many weak reports for November. This report saves the day.
- Doug Porter
The bottom line is that as long as equities remain aloft, there is precious little outside of Fed tightening to cool growth... And that tightening may need to be much more aggressive than the market currently expects to bring (economic) growth closer to the Fed's comfort zone of around 3.5 percent.
- Doug Porter
