Anthony Chan
Anthony Chan
clean companies creates estimates lowering means situation time
Any time you have a situation like this it creates opportunities for companies to clean up their attics, and that means lowering estimates and partly, or completely, attributing it to Katrina.
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This employment report means that the phrase 'considerable period' will stick around for a considerably longer period of time.
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Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy.
cyclical difficult factors increase means power pressure pricing push reduce
More globalization means there's more pressure to increase productivity, not to reduce it. No pricing power means there's more pressure to increase productivity, not less, ... There's so much pressure to push it higher, it will be difficult for cyclical factors to push it lower.
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More people are entering the labor force, so there is more competition. More competition means there's less leverage for employees.
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Lower energy prices will cushion the blow to the economy from the higher prices so far. Psychologically, it helps the consumer and that means the hit to the economy will not be as great as feared earlier.
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The decline in hours means the economy will be limping along once again. Every tenth of an hour lost has the same economic impact as losing 200,000 jobs.
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Inflationary pressures are starting to percolate --and the Federal Reserve is going to react to this.
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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.
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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.
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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.
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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.