Bill Cheney
Bill Cheney
clear evidence next recovery though time
Even though there probably is a recovery in the pipeline, there isn't going to be any clear evidence of it by the time we get around to the next meeting.
accounts alarming clearly data dragging percent related since total
Most of the really alarming data has related to the manufacturing sector, which clearly is slumping. But since it only accounts for about 15 percent of total employment, it isn't dragging everything else down.
clearly consumers deficit drop force full goods hit holiday imported imports looking massive november passed pile seen shelves start sucking trade
With the U.S. slowdown looking more real each day, the trade deficit may have passed its peak. The slowdown hadn't hit full force yet in October. U.S. consumers are still sucking in massive amounts of imports. The slowdown will be more clearly seen in November and December's figures. If imported goods start to pile up on retailers' shelves this holiday season, imports could drop off fast.
add bit clearly continue feels job jobs market million move tight year
There is still a big backlog to be made up before it feels like a tight job market. Clearly it's a tighter job market than it was a year ago, and if we continue to add a million jobs a quarter, we'll move in that direction. But I think it will take a little bit of time.
clearly ease fed free good inclined means
It's clearly good news. Clearly it means that the Fed is still free to ease as much as they are inclined to.
clear cutting economic outlook stronger whatever
I think it is clear that, whatever the economic outlook was on Monday, the outlook is shakier now, and there are stronger arguments for cutting rates.
absorb basis clear devastated economy hit hurricane katrina momentum recover
Hurricane Katrina undoubtedly devastated individuals and communities... but on a macro-economic basis it's clear that the US economy has more than enough momentum to absorb the hit and recover quickly.
black clear danger mood people prevent signs trigger
If there are danger signs brewing ... that make people very, very nervous, I don't see anything that could prevent the same kind of mood (as Black Monday's) from reappearing. It's clear that you don't need a very concrete, cut-and-dried kind of trigger to make people stampede if they're in the mood to be stampeded.
along clearly decent economy fed moving needs neither nor patch roaring soft
The economy is neither roaring nor stalling; it's clearly out of the soft patch and moving along at a decent pace, and that's all the Fed needs right now.
crashed cut emergency evidence happened market panic rate treat yesterday
It would be kind of like when they put through a substantial emergency rate cut when the market crashed in 1987. I don't think it is evidence of panic to treat what happened yesterday as an emergency. It's an emergency on many levels.
road worst
The worst is over. We're on the road to recovery.
cause cents continue ease economy growing healthy inch inflation less might pressures rate rise wages worry
The rise in wages of 6 cents might cause jitters, but wage inflation is less of a worry now, especially with productivity still growing at a healthy clip. As the economy slows, the unemployment rate will continue to inch up and wage pressures should ease further.
bit lighter perhaps
Perhaps Santa's sleigh was a bit lighter than we thought.
elf full operating workshop
Santa's workshop will be operating pretty much at full capacity. There just probably won't be much elf overtime.