Diane Swonk
Diane Swonk
bond market problems
The bond market is just overwhelmed by problems abroad,
catching earnings fed market positive third until willing
The Fed is willing to overshoot the mark. I want to underscore that we're catching up. We're getting the market back in line, but we're not going to see positive earnings from that until we get into the third quarter,
aftermath effect fallout labor market
In the aftermath of Katrina, the effect on the labor market from the fallout has been limited.
backs environment labor markets older people silly tight turning work younger
To be turning our backs on people who want to work is kind of silly in an environment where you've got tight labor markets and we're getting older and need younger people to work.
bond market speech stability telling traders worst
This speech is telling traders that the stability they've come so well to know is their own worst enemy, ... the bond market has not priced in enough risk.
backs critical environment flooding given hardship illegal labor markets obvious older people silly tight turning work younger
Given the obvious hardship of having illegal aliens flooding in, we also know they are critical to the functioning of the U.S. economy. To be turning our backs on people who want to work is kind of silly in an environment where you've got tight labor markets and we're getting older and need younger people to work.
christmas far market seen tired
I think the market is tired of Christmas. We've already seen the Christmas reports. As far as the market is concerned, that's old news.
absorb blows economy fed labor market strong
Like what the Fed has suggested, the U.S. economy was more than strong enough to absorb the blows of Katrina. The labor market is still pretty resilient.
industrial numbers people production retail sales
The retail sales and industrial production numbers could be better than people expect.
change expectation future shape sure
These testimonies are to shape people's expectation of future moves. If you're not sure where you are going then why change it?
katrina
Once they got the uncertainty of Katrina out of the way they just got back to their boilerplate statement,
cash debt free paid
Once they get that debt paid off, it's just free cash flow.
advantage consumers days fewer floors helping hiring holiday large less people retailers shopping six taking
Not only are retailers doing more with less, like every other large corporation, and taking advantage of six fewer days in the shopping season, but they are actually hiring less this holiday shopping season, so there's fewer people on the floors actually helping consumers out.
falling fed light reason sit soft
The Fed will sit on its hands. There's really no reason to do otherwise. The economy's falling into place as the Fed thought -- it's in a soft spot, with some light at the end of the tunnel.