Bill Cheney
Bill Cheney
appeal bad certain inflation nice number round stop
There is a certain appeal to going to a nice round number like 5 percent. But if we get some bad inflation numbers, then they won't stop at 5 percent.
coming jobs large looking number people seeing worth
You are seeing a large number of people coming out of the woodwork because there are jobs to be found. People are now looking for jobs because it is now worth looking.
fact falling given headline news number recovery signals volatility
Given the volatility of the report, I don't put a lot of credence in the forecasts. The headline number is the news and the fact that it went up signals that the recovery isn't falling apart.
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.
bottom consensus expecting fact less line number
The bottom line is, any number over 50 is encouraging. The fact that it's a little less than the consensus was expecting I don't think is that big of a deal.
absorb increase jobs labor month natural numbers order positive rate rather smaller takes
It takes something on the order of 150,000 new jobs a month to absorb the natural increase in the labor force. As long as we keep getting smaller positive numbers than that, the unemployment rate should be trending up rather than down.
absolutely bond bounce gaining ground headline lost market number trend underlying
The headline number is absolutely kind of a shock, I think the bond market is probably overreacting. It's a bounce back from September, but we're still not gaining back all the ground lost in September. The underlying trend is still kind of down.
cared ends environment help lives moving rebuild soon stable students
There are a lot of untied ends so far, but we want to get these students into school, in a stable environment, as soon as possible. We want these students to be in an environment where they will be cared for - that will help them rebuild their lives and give them a sense that they are moving on.
knew large month people rain tends weather wet
We knew that it was a wet month and that rain tends to keep people away from shopping, so I thing a large part of this is actually a weather story.
anytime coming domestic either full hard soft soon spinning stuck
We're not only stuck in a soft patch; we're spinning our wheels. To get back to full employment, we need a lot more demand, and that's hard to see coming anytime soon from either domestic or international sources.
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.
awful dropped force people pulled though waiting work
Even though it's improving, there's still an awful lot of people who dropped out of work force and are waiting to be pulled back in.
momentum quite
Everything else suggests quite a lot of momentum in the economy.