Worrisome Quotes
We're just now realizing how badly off the economy was in the second quarter... The wider trade gap, along with the weakness we saw in the business inventory numbers that came out this week and weaker construction spending, will probably result in a second-quarter revised GDP number that will be zero or even slightly negative. It will be an eye-opening number, but it's no more worrisome than what we've seen.
- Mark Vitner
This roiled the JGB market after their close and raises the risk of more JGB losses next week... Most worrisome for U.S. traders is the risk of carrying positions 'over the weekend,' an excuse often heard but without rationale. Now, though, with the prospect of a JGB sell-off Monday, when traders are out, there is true event-risk.
- Tony Crescenzi
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