Anthony Chan
Anthony Chan
came focusing headline investors number though
Even though the headline number came in much stronger, it isn't the number investors are going to be focusing on.
comforting component greater headline strength
It would have been a lot more comforting to see greater strength in the ex-auto component than in the headline figure.
dominating gain generally headline housing industrial influenced knows namely number reports retail sales starts variable volatile wide
The outsized gain in housing starts was influenced by the same variable dominating most of the other headline stats like the retail sales and industrial production, namely weather. Everyone knows that housing starts is a volatile number that generally reports wide swings.
headline key number
The key number was not the headline (overall CPI) number,
components core headline number running strip telling turning volatile
The headline number is encouraging, but if you strip out the volatile components and look at core growth, it's telling you we're turning the corner, but we're not running around the corner.
federal pressures react reserve starting
Inflationary pressures are starting to percolate --and the Federal Reserve is going to react to this.
cannot capital carry consumers economy far hope knows provides recovery report spending
Everyone knows that consumers cannot carry the economy indefinitely on their own, and this report provides some hope that the long-awaited capital spending recovery may not be too far off.
fever market present sign year
The bidding fever that was present a year or so ago has all but disappeared, and that's another sign that this market is slowing.
average best data distorting hurricane jobs month numbers quite wider
The best way to read the numbers is going to be to average the two months' data because the hurricanes are distorting the wider picture, ... But excluding the hurricane effects, we're doing 190,000 to 200,000 new jobs a month and that's quite healthy.
alan best bit certainly continue describe financial great greenspan inflation markets prove realize report worried worries
The best way to describe this report is 'holy cow,' ... This is a great report. We have Alan Greenspan a little bit worried about inflation and certainly the financial markets will realize that those worries certainly continue to prove to be unfounded.
average becoming earnings fed figures price start tells truly vigilant
The average hourly earnings figures were truly the spoiler of this report, ... It tells us that the Fed may now have to start becoming more vigilant about upcoming price pressures.
appetite auction foreign itself positive remain securities
The auction also showed that foreign appetite for our securities remain voracious, which in itself is another positive sign.
against argument betting buying cars clearly consumer consumers figures prove retail sales tears
The retail sales figures clearly prove that betting against the consumer is a sucker's bet. Not surprisingly, the ex-auto figure on retail sales tears down the argument that consumers are only buying cars and houses.
alive economic growth happen imagine numbers observed percent recent remains rise sluggish towards trend underlying
These numbers tell us that the underlying productivity surge observed in recent years remains alive and well. If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.