Brian Bethune
Brian Bethune
looks road tells terms
What this tells us in terms of the fundamentals is the road looks fine.
activity gains job normal overall solid start terms
We'll have very solid overall job gains that will punctuate the start of more normal activity in terms of employment,
continues demand domestic energy external situation sources supply terms
There is an imbalance in terms of the demand and supply of energy which continues to be satisfied, or is increasingly satisfied, by external sources of energy products. Now we have a situation that has been every more complicated because of a domestic supply shock.
additional attractive clearly economic growth side terms
In terms of economic growth, the fundamentals are clearly on the side of the U.S.. We don't think there's going to be a lot of additional momentum, but even if (the dollar) treads water, it's still going to be an attractive investment.
economy economy-and-economics terms
The economy is doing pretty well now in terms of momentum.
baked excellent picking quarter sector service
The service sector is picking up some momentum. An excellent quarter is just baked in the cake.
picking sector service
The service sector is picking up some momentum.
crops damage department estimates eventual farms force katrina lessons loses production revised risk state
The risk to crops and farms won't be as significant if it loses force, ... When you look at the lessons from Katrina, the eventual damage to agriculture was less than feared. The department of agriculture actually revised up its estimates of production in the state after Katrina passed.
baked coming early excellent momentum quarter
There's so much momentum coming early into this quarter that an excellent quarter is just baked in the cake.
bump intense pressure prices temporary
Pressure to bump prices up, or levy temporary freight surcharges, will become more intense in September,
ahead continue second spending
Consumption spending will continue to plod ahead in the second quarter.
behaving core energy feed generally inflation lengthy modest persistent pressure price prices producer quite
Core producer price inflation generally has been behaving quite well. We think there's going to be some modest upward pressure as energy prices feed through the system, but it's not going to be a persistent or lengthy problem.
consumers definitely excuse looked needed provided spending strong weather
We're definitely going to see a very strong first quarter. It looked like consumers were hibernating in December, and all they needed was an excuse to go on a spending spree. The weather provided that.
gust wind
That was a gust of wind in the spinnaker.