David Resler
David Resler
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.
advances businesses capacity capital choice faster obsolete preserve rates rendered true
While it's true that capacity use rates are very low, it's also true that much of that capacity has been rendered obsolete by technological advances and that replacement of capital is faster than it used to be. So a lot of businesses may feel they have little choice but to spend, if they want to preserve their competitive edge.
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.
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.
bit capital ended front good investment last momentum optimistic view year
We ended last year with a good bit more momentum on the capital investment front than we thought. We have an optimistic view about this year as a whole.
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.
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.
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.
cut few numbers spending
It will take away from discretionary spending. It may not show up in the numbers for a few months, but it probably will cut into discretionary spending in the first part of this year.
both camps cling couple data past
Both camps will cling to their arguments for a couple more months. But the answer's not going to come from monthly data -- those are still too much in the past to be much help.
economists environment inventory investment pricing
Uncertainty about the pricing environment will keep inventory investment more disappointing than some other economists expect.
employment holidays job large market swings time
Very large swings in seasonal employment during and after the holidays typify the job market at this time of the year.
affect consumer gas higher prices
We know that higher gas prices affect consumer sentiment.