Anthony Crescenzi
Anthony Crescenzi
businesses dynamic economic good nature rapidly showing
Businesses have responded rapidly to the economic climate, showing the dynamic nature of the U.S. economy, and it's very good for the long-term outlook.
average consensus due exceeded gain jobs key pulled reasons wages
One of the key reasons payrolls exceeded the consensus was due to a 31K gain in manufacturing jobs, the first gain in 11 months. With more of these high-paying jobs in the mix, average wages were pulled higher.
course cut fed might rates rumors
There were rumors that the Fed might cut rates today, but of course they did nothing.
excess growth pointing report strong
The report is universally strong and is pointing to growth in excess of Greenspan's objectives.
foreigners people readily situation
Foreigners look down on the situation a lot more readily than do U.S. investors, ... people don't sense he will be removed from office.
clinton foreigners hits selling stocks unless
Foreigners are going to be selling stocks because of the Clinton matter, ... unless there is a flare that hits the dollar.
both corporate depends stocks strong success time trade whose
It's time to trade out of investments whose success depends on a strong economy... for both stocks and corporate bonds.
change factory orders release report sector
The release of the factory orders probably won't change the Fed's decision, ... The report reinforces that the manufacturing sector is recovering.
adopt aggressive concern employment fed gains historical interest late modest numbers remain seen stance today
The numbers today allay any concern that the Fed may adopt a more aggressive stance on interest rates. The employment gains we've seen of late remain modest by historical standards.
economy handful likely repeated small succumb
That makes it more likely we will need to have repeated hikes, because the economy won't succumb to a small handful of hikes.
boom cars creation effects expect good held indication items job majority payroll pick report slowing spending tax
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
asian half increase last sector seeing seems since weak year
What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.
actions community defend fears rather stem surprised
What he did was defend his actions rather than quell the fears of systemic risk. I'm really surprised that he'd do more to stem fears of hedge-fund community fallout.
bush chances confidence consumer continue counter markets might recent unless worry
Unless the Bush administration can successfully counter recent criticism, Bush and consumer confidence might continue to flounder. If so, the markets will justifiably worry about Bush's chances of re-election.