Gary Thayer
Gary Thayer
consistent decline fourth looks numbers quarter small
It looks like these numbers are consistent with a small decline in fourth quarter GDP,
economy fed following healthy interest looks quite
It looks like the economy is still quite healthy and the Fed is probably following the appropriate course. The economy doesn't need low interest rates.
confidence consumer economy good heading holidays looks month next spending
It looks like the economy is stabilizing after the hurricane-related stresses and we're heading into the holidays with an upturn in confidence that is encouraging and bodes well for the good consumer spending over the next month or so.
healthy looks quite spending start third
It looks like real spending was quite healthy for the start of the third quarter.
jobs looks lost seen share
It looks like we will have about a half-million lost jobs from the hurricanes and we have now seen the lion's share of that.
active consumers financial giving looks problems shopping spend tight
It looks like consumers will be in a more giving mood, I don't think they will spend with abandon. There are still some tight financial problems for many people. We probably will see active shopping for bargains.
consumers current feeling looks news
It looks like consumers are feeling at least better about the current situation. But I still think there is a lot of uncertainty about the future. The geopolitical news is not very comforting.
banks central expected extra financial help hopefully markets people recognize restore shows sort
It shows the world central banks recognize the financial markets could use a little extra liquidity and support, ... Hopefully it will help restore confidence. A lot of people expected we would see some sort of coordinated effort.
concern confidence consumers dropping early employment feeling low poorly recessions response shows similar situation terrorism
It shows that consumers are feeling poorly about the economy, similar to what we've see in other recessions. Confidence is not as low as it was in the recessions of the early 1990s and early 1980s, but it is dropping in response to the worsening employment situation and the concern about the terrorism threat.
economy good increases labor likelihood markets number remain
It's a good number for the economy. Labor markets are improving, and that increases the likelihood that the economy will remain strong.
appears brought decline drop energy good inflation november overall prices rate
It's a good decline in prices for a change. It appears the big drop in energy prices during November has brought the overall inflation rate down considerably.
claims combined conditions drop earlier employment good remain reported rise start
The rise in the employment component, combined with the drop in new jobless claims reported earlier today, suggests that employment conditions remain good at the start of the year.
fed help increase replace
This may help increase the inflation-fighting credibility of the Fed before we replace the chairman.
economy fed further policy saying seeing softness
They're saying that some further policy firming may be needed, so it doesn't look like the Fed is seeing enough softness in the economy right now to warrant pausing.