Monday, November 23, 2015

After Paris attacks consumer spending and euro in focus

Paris attacks will hurt consumer spending
If you don't believe consumers are going to shut down spending, at least at the margins, you're naive. Of course they are. Even down in Virginia, where I live, you can sense that people are very disconcerted about what happened.

Federal Reserve Tighten or Hold ?
If Euro trades under par, clearly that is a tightening for the United States. I think this puts it absolutely on Hold.