Jay Bryson
Jay Bryson
congress europeans flak happen happened obviously point sooner
Obviously they're getting a lot of flak from Congress and the Europeans as well. It was going to happen at some point anyway. It probably happened sooner than it would have if Congress and the administration hadn't said anything,
spend
It's not just China, it's not just oil. We spend more than we produce, end of story.
fed looking resources stretched
That's something that the Fed has signaled it is looking at right now with resources getting stretched in the economy.
anyone cut easy gap recession spending states trade united wants
It's very easy to get the trade gap to narrow, have a recession in the United States to cut spending here. But I don't think anyone wants that to happen.
continuing labor market shows
It shows the labor market is continuing to stabilize.
deficit demand few given higher imports increase next oil overall robust
We should see a big increase in oil imports and, given the overall robust demand in the U.S., we are also going to see higher non-oil imports. Over the next few quarters, the deficit is going to get bigger.
bigger near
The deficit's probably going to get bigger in the near term.
activity although consistent data decline economic november pace recent smaller suggest
Although little should be made of one month's data, the smaller pace of import decline in November is consistent with other recent data that suggest that U.S. economic activity may be stabilizing.
growth half percentage point sliced
That sliced off about a half a percentage point in growth.
far fed report
As far as the scorekeeping at the Fed is concerned, today's report will go down in the 'reasons to tighten further' column,
obviously people starting uncertain
People are starting to hedge bets. Obviously it's an uncertain time,
account china current deficit external financing large means overall rather requires spends trade
If there is an 'issue' with the US external accounts, it is not the bilateral trade deficit with China but rather the overall deficit that the US incurs. After all, the large current account deficit means that the US spends more than it produces, which requires financing from abroad.
ability bad benign consumer fed gives pause price readings stocks surprise
An upward surprise in the (producer price index and consumer price index) would be bad for stocks ... but if you get benign readings (this) week, that gives the Fed the ability to be able to pause if necessary.
feat seems tall
That seems like a tall feat right now.