David Resler
David Resler
cooling early fewer loans people qualify sales signs
It's the early signs of some cooling in this super-heated market. Fewer people qualify for loans and sales at these prices.
convince month
It's going to take a lot more than one month to convince me we are in a worrisome trend.
changes economic given happens offset price random tend trends variations
This is the kind of thing that happens with economic data. In any given month, you have random variations in price trends Those random changes tend to offset each other.
driving habits impact lasting notion seen
There is the pessimistic notion that this is not going to go away and that's going to have a more lasting impact on driving habits and behavior, I suspect, than we've seen so far.
certainly conditions decline drop economic employment february grave next overall report rough
Economic conditions look pretty grave right now. Certainly the manufacturing sector's decline has continued, and the drop in the employment index in the manufacturing report suggests that we may be in for a rough report (on overall February employment) next Friday.
additional bond capacity fed gets market minds nearer noticing rate rising
The bond market is noticing that the capacity usage rate is rising with this additional production, and to some people's minds that gets us nearer to the day of Fed tightening.
booming good great growth low minimal strong wage
It's as good as it gets. You've got low inflation, minimal wage pressure, great productivity, booming growth and strong demand.
confidence forecast gives growth maintain momentum next pointing raise send short strong toward
It's nothing short of incredible. It's not enough to send me scurrying to raise my forecast for next year, but it's pointing toward considerable momentum going into the new year. It gives me more confidence we're going to be able to maintain strong growth in the first half.
additional contrary inflation policy threat
This is not a policy of indifference. This is a policy of additional restraint. Contrary to what they say, they think the inflation threat is graver than the threat to growth.
income numbers people planning
People are still planning to spend, and today's income numbers tell us that they have the wherewithal to do so.
attitudes commit concerned consumer fact future income louder people seem speaks unwilling
People don't seem to be so concerned that they're unwilling to commit future income to such purchases. The fact that people are willing to do that speaks much louder about consumer attitudes than what they tell some survey.
apart broad categories changed concern few inflation needs prices
I don't think there needs to be much concern about inflation right now. Apart from energy, very few of the broad categories of prices have changed much in their direction.
deal great last momentum month quarter tells
The last month of the quarter tells you a great deal about how much momentum there was in spending, and it doesn't look to me like there was that much.
bad factors increase job past picture special
The job picture is as bad as it's been in the past 18 months. I don't think we can find enough special qualifying factors to give us an increase in payrolls.