Doug Porter Quotes
You don't need the specter of deflation to provide an excuse for why the Fed cut, but I think it was lurking in the background and is one of the reasons we're seeing quite an aggressive Fed. 
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Specter | Deflation | Provide | Excuse | Lurking |
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We have a few economic numbers coming up that will probably shed some more light on just how strong the U.S. economy is, ... The perception is that nothing is slowing the economy down yet, especially with the markets going the way they are.
- Doug Porter
The main message for me in the (U.S.) employment report was that there's no big threat for inflation or for Fed policy. Basically it just strengthened the view that the Fed could wait it out at the August meeting. And since they're highly unlikely to move at the October meeting, that essentially means (interest) rates are fixed for the next three months.
- Doug Porter