David Resler
David Resler
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.
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.
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.
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.
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.
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.