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.
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.
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.
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.
bad lasts money people supply
Nevertheless, money supply contractions are often harbingers of bad times ahead, and if this lasts much longer, people will get more concerned.
increase
One of these days, we're going to see an increase in non-farm payrolls for the manufacturing sector.
across anecdotal array economic evidence factual hit reports seem since telling wall wide
Since the end of January, things seem to have hit a wall across a wide array of economic indicators. This confirms what all that anecdotal evidence and factual reports have been telling us.
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.
continue displaced employment extra few growth job likely months people
We're going to get some extra employment growth as people displaced by the hurricanes find their way back into the job market, and that's likely to continue in the first few months of this year.
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.
activity businesses half imagine improvement lean left numbers pointing satisfy second toward
Today's numbers are pointing toward a considerable improvement in manufacturing activity in the second half of the year. Inventories are so lean that I can't imagine businesses have enough left to satisfy much of the demand. There's got to be more production.
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.