Bill Cheney
Bill Cheney
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.
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.
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.
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.
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.
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.
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.
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.
inflation potential reality
Inflation is a potential risk. It's not a reality yet.
inflation problem stage
It's still the same story, that there really is no inflation problem at this stage of the cycle.
almost anywhere growth looking shocking
It's shocking that you're looking at almost no growth anywhere else.
buying christmas close coming consumer gauge industry number onto patterns perhaps represents retail sales season sentiment shopping since year
The retail sales number is perhaps more important than it would look at first sight. Since we're coming so close to the Christmas shopping season when most of the retail sales of the year happen, anything that represents a gauge of consumer sentiment and consumer buying patterns is going to be latched onto by the retail industry as an important indicator.
cutting fed number rates relax
This is kind of number that will let the Fed relax and keep cutting rates as long as they see a need.