Bernard Baumohl
Bernard Baumohl
consumer finances hikes household lead rate round severe wonder
With household finances already under considerable stress, one has to wonder if another round of rate hikes will lead to a more severe cutback in consumer spending.
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The stress on household finances in coming weeks will be the greatest since the last recession in 2001,
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With borrowing costs on the rise and the wealth effect from real estate assets diminishing, something has to give.
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When consumers are burdened with heavy debt loads, rising interest rates, higher energy costs, no personal savings and household income growth that falls below inflation, something had to give.
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Bond traders are concerned that the economy may be growing too fast, given where we are in the business cycle.
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On the other hand, Greenspan seems satisfied that his tightening has had a lasting effect. He's likely to stand pat for the rest of the year.
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There is a real sense of foreboding about the economy now that Katrina has struck with full force. This storm will be the most devastating ever for the U.S. oil and refining industries.
carry drive holiday home inclined less likely patterns people shopping spending stay usual
People are going to be less inclined to drive to shopping centers. Instead, they're going to stay at home and if they carry on their usual holiday spending patterns then they will do it more likely online.
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Our imports increase as long as the economy grows. But there's certainly a concern that our exports are down despite the fact that Asian and European economies have begun to rebound. Maintaining the high deficit is dangerous because that means a huge debt, and if our creditors lose confidence in the U.S. economy and begin selling dollars, which drives down the value of the currency, that could spark a serious inflation threat.
economy imports increase
Our imports increase as long as the economy grows,
cause economic indicate might signs strain strength
There are signs that indicate economic strength might strain the economy, which would cause inflation.
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Katrina has shaken the very foundations of the U.S. economic expansion when it ruined much of America's energy infrastructure, ... While a recession is unlikely, the probability of stagflation has greatly increased with inflation moving higher even as the economy slows.
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We have unmistakable signs that households are becoming more cautious about spending.
changeable far parameters seek subjective tends undertake
While the DOJ maintains long-standing, black-and-white parameters to seek out monopolies, the FCC tends to undertake a far more subjective and changeable analysis.