Quotes by Louise Purtle

“Youve gone into this period where youre trading into this vortex. Youre trading on fear. If you see continued declines like this it will need some external shock to break the pattern.”

“You can see the distress in the market. Its in as much pain as it ever has been.”

“Already the Federal Reserve is indicating an increased degree of inflationary concern and this would only be exacerbated by further depreciation [of the dollar]. That raises the potential for rates in 2005 to be higher than might otherwise be considered optimal.”

“Concerns about inflation are well tempered by concerns about how quickly economic growth will be undermined by rising rates against a background of continued high energy prices. When the evidence of that appears in the numbers, the bond markets low long-end yields will look justified.”