I thought all along Edwards was the logical choice, ... He's so talented as a campaigner, and he brings a lot of enthusiasm, sex appeal and pizzazz to the ticket.
Things aren't as bad as Jason (Furman) said but they're not as good as the labor secretary said, ... The markets clearly were expecting a better number than 96,000. You've got to wonder ... are corporations sending us a signal that the underlying economy is not as good as people thought?
It gives the bond market a comfort level that you have a replacement just as vigilant on inflation as Greenspan was.
I think Friday's number will be impossible to analyze. But everyone said all the numbers this week would be ignored, and the ISM number caused a big sell-off in the bond market.
He may be the most conservative president of our lifetime.
Even though there's a lot of angst over the budget, a cut of $56 billion over five years, or $40 billion in spending cuts over five years, is pretty mild ? it's almost a rounding error.
Even people who don't like Microsoft we talked to late yesterday were shocked. They felt this could give Microsoft an opening in the appeals process to claim, 'We didn't get due process, this judge was too impetuous, he moved too quickly.' Considering how great a job Jackson has done, for him to give Microsoft an opening at this late date was a little surprising.
I think what we all are hoping for is resolution sooner rather than later. I'm not sure that Gore's speech at noon today would reinforce the belief that this would get wrapped up quickly. (Some) segments of the market will do well whether it's Microsoft or drug stocks, but I think it might be a little bit premature.
The wording of the statement will be very significant ? does it make it clear that the Fed is prepared to do more. It will be an important clue about what we might get going forward.
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