Carl Tannenbaum
Carl Tannenbaum
certainty mystery
There is short-term certainty and medium-term mystery for the Fed.
economy fed inflation intent momentum payment perhaps risk saw seems six taking
This economy has a lot of momentum and seems intent on challenging the Fed to keep in under control. Inflation is a real risk here after six years of expansion. The Fed perhaps is taking the first step, a down payment if you will, to try and keep that under control. But it may take more than what we saw yesterday.
debt good reasonable sure time
It's a good time to make sure your debt is at a reasonable level.
close obviously string
They're obviously very close to being done with that long string of tightening.
area variety
Foreclosure depresses an area in a variety of ways.
economists figure puzzle surprise
It's a big surprise and another puzzle for economists to try to figure out.
fiscal inflation negative news rate rates remain trade
After all the negative news about our trade position, our fiscal problems, our currency, our inflation rate and the Fed's credit-tightening program, long-term rates remain very, very low.
confident dark images survey taken type week
The survey was taken in a dark week immediately after Katrina. The images (in the media) were of the type that don't makes us confident about anything.
continuing cycle decent defy economic forward half limits natural pace push risking second seem
We seem to be continuing to defy these natural limits of the economic cycle and we should be able to push forward at a decent pace in the second half without risking inflation,
expansion fact finally growth kick opposite prices rapid six trained
We're trained to think that rapid growth after six years of expansion is finally going to kick prices up a little bit, but in fact they're going in the opposite direction,
morning news smiles tomorrow
Unfortunately, I don't think the news tomorrow morning will put smiles on any faces.
bit gotten maybe people property sticker
Frankly, I think that's healthy. Property has gotten so expensive, maybe people are getting a little bit of sticker shock.
economy risk
If anything, we may be at risk for underestimating how well the economy will do this year.
economy economy-and-economics energy near nowhere
We're nowhere near the same economy as we were in the 1970s. We're more service-based. We're much more energy efficient.