On the one hand, the Fed has to be feeling pressure relative to their ever-expanding balance sheet that has swelled to disturbing levels.
These are enough reasons to keep the longer end of the domestic yield curve under relative pressure and in a bull-steepening trend.
To the extent that this has made labour more abundant, and capital relatively scarcer, it has put downward pressure on wages relative to the return on capital.
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Other things equal, the reduction in the trade deficit due to fracking will reduce imported capital and put pressure on investment relative to saving and government spending relative to taxing.
This has put downward market pressure on the Euro relative to other currencies.
Other things equal, those excess dollar balances will put downward pressure on the dollar relative to foreign currencies and stimulate those additional foreign imports and U.S. exports.
The decision to slash tax rebates on exports also alleviates some of the U.S. pressure on China to let the yuan appreciate relative to the dollar.
The relative safe havens that could see increased selling pressure include EMC and IBM, which is why today we are downgrading both stocks to Neutral from Overweight.
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Woods' current inaccuracy off the tee has put pressure on the rest of his game, but all things are relative.
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It has allowed Mourinho to revel in his role as relative pauper while pointing the finger and cranking up the pressure on Ferguson.
In baseball, the pressure is most acute with minor league clubs that face high overhead costs relative to ticket and sponsorship revenue.
Nonetheless, the episode made clear how much pressure hardliners are exerting on Israel's coalition government, and how marginalised relative doves, such as Mr Peres, feel.
The fact that he does not seem to be facing the same sort of pressure from the government may be a sign of progress, but Kuti attributes his relative freedom to his father's tough stance.
He notes that a 10% drop year to date has priced in potential pressure in the U.S. federal government sector, and that the stock now looks cheap relative to rivals.
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