Only six months ago, most American economists still wanted to see the economy cool off.
The reports suggested the economy was cooling, which would tend to help bonds.
Several new economic reports indicate that the economy is cooling, which might be the reason for the move.
"The economy is very robust, but we're going forward because we know the economy will cool off."
Now, with stocks suddenly much lower, will the economy cool off quickly?
The economy has indeed cooled, he said, but is in better shape than it was two years ago.
If so, it's not only because the economy has cooled even as ticket prices have risen.
Some analysts believe that so much space is available because the economy has cooled and fewer jobs are being created.
Once the tax increase takes effect, though, some experts fret that the economy will cool in 2007.
Chinese property prices and foreign direct investment figures show the economy is cooling.