Christopher Low
Christopher Low
hopefully lose
In today's market, everyone is a Fed-watcher. Hopefully we will not lose any transparency and will lose some of the volatility.
anecdotal evidence national none numbers plenty regional shown
It's a big surprise. There has been plenty of anecdotal evidence of regional weakness, but none of the national numbers have shown weakness.
abysmal consumer deeply half suggesting
These are abysmal numbers, suggesting a deeply pessimistic consumer in the first half of September.
fed home nice taking
It's nice to know that the Fed is taking (exotic home loans) seriously,
economists either expecting fed further inflation judgment might remove risks toward warning
Economists were expecting that the Fed would either remove the warning about asymmetric risks toward inflation or judgment that further tightening might be necessary. Of course, the Fed did neither.
curve powerful shape yield
The yield curve is a really powerful indicator. It always has been. The shape of the curve still matters.
testimony tone took weeks
It's the same tone that he took in his testimony two weeks ago.
again wait
They tighten again in May and then they wait and watch.
activities beginning economy pick rest weakest
Activities are beginning to pick up. Manufacturing has been the weakest part of the economy. The rest of the economy may be even stronger.
job market
The job market was lousy, now it's been upgraded to good.
ongoing scary
You can see this clear, ongoing deterioration. And what's scary about this is it's still accelerating,