Carl Tannenbaum
Carl Tannenbaum
act available bite consumer energy money smaller spend taking tax
Energy costs, which act as a tax on consumer budgets, are taking a smaller bite out of consumer pocketbooks. There is, therefore, more money available to spend on other (non-energy) things.
auto change changes contribute economic growth headline sales share small
While auto sales make up a small share of GDP, they make up a big share of the change in GDP, ... As you see changes in the auto industry, it will contribute to headline economic growth numbers.
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.
bigger chips companies hesitant remain
While companies have bigger stacks of chips to play with, they still remain hesitant to put many of them into the pot.
auto companies given industry looking might period themselves
We've given the auto industry steroids, and we might be looking at a period of withdrawal as auto companies wean themselves from these stimulants,
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.
consumers eight housing include inflation initial list next period ring risky six victims
If they have to ring some inflation out of the system, the initial list of victims has to include housing markets. You have a risky period for consumers for the next six to eight months.
clear expecting far fear holiday looking managers purchasing sales
With holiday sales looking a little better than expectations and the Purchasing Managers Index up when we were expecting a decline, it's clear that the fear that many had that we had slowed down too far is unwarranted.
certainty mystery
There is short-term certainty and medium-term mystery for the Fed.
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,
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,
morning news smiles tomorrow
Unfortunately, I don't think the news tomorrow morning will put smiles on any faces.
area variety
Foreclosure depresses an area in a variety of ways.