David Resler
David Resler
central delays drag economy profits revival
It could be a drag on earnings...something that delays the revival of profits so central to the revival of the economy itself.
exactly inflation performance report several terrific
I think we can look to several more months, if not years, of this kind of performance. This is a terrific inflation report - exactly the kind of thing we all like to see.
capital data goods remains sector somewhat trend underlying
Overall, the data for the capital goods sector remains somewhat erratic, but the underlying trend remains upward.
above consistent growth overall quarter reading running
Overall the 56.7 reading for the ISM index is consistent with (economic) growth in the first quarter running above 5.0 percent.
capital contribute drop durable good growth healthy looked orders remains sector throughout trend
Overall, durable orders need to be looked at on a trend basis, and even after the drop in orders other than transportation orders ... the capital good sector remains very healthy and will contribute solidly to growth throughout 2006.
above claims continue hovering labor market slightly steady
Claims continue hovering slightly above the 300,000 mark, implying strong, steady labor market conditions.
fed hold information mean move rate
The Fed is on hold indefinitely. It doesn't mean they won't make another move this year, but there is too little information to make another rate move in September.
behavior consumer fed focused light scrutiny stock
The Fed is without question, especially in light of the behavior of the stock market, focused with laser-like scrutiny on consumer confidence.
anxiety balance capital given global individual integrated liquid mean nature trade
In today's integrated global economy, given the liquid nature of capital flows, an individual trade balance doesn't mean so much. A lot of the anxiety is overblown.
generally housing november pace sales speaking wonder
Generally speaking the November sales pace makes one wonder what is going on with housing starts.
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.
few money moved past price stock supply weakness
In the past few years, money supply has moved inversely with stock price movements, and that's probably where the weakness has come from.
against capacity china chinese consumer continues currency expand flood strong
The dollar's still strong against the Chinese currency and China continues to expand its capacity to flood the world with consumer goods.
agenda becoming chairman data fed open terms
All of this, in terms of the FOMC becoming data dependent, comes as no surprise, and the new Fed chairman has an open agenda from which to work.