Lincoln Anderson Quotes
It reminds me of PIO, or pilot induced oscillation, a lag in the plane's response to a pilot moving the stick... You push the stick down and the plane doesn't go down right away, so you push it down more, and then it really starts to fall. The same thing happens in monetary policy if you have gradualism in interest rates. 
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Reminds | Pilot | Induced | Oscillation | Response |
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The biggest thing that would help the markets right now would be a sustained drop in crude oil, but I'm not holding my breath for that. It's drawing attention away from third-quarter numbers that, despite GM, are really pretty good.
- Lincoln Anderson
