Joel Naroff
Joel Naroff
amount concern economy fed force indicate large likely maintained momentum numbers obviously
The numbers we're getting all indicate that the economy has maintained a large amount of momentum and that's obviously a concern to the Fed and will likely force their hand.
extra fed insurance june looks report wants
The Fed wants to see results, and this report didn't give it to them, ... It looks right now as if the Fed will take out some extra insurance on June 25.
housing mother nature slow
Not even Mother Nature can slow the housing market.
across building pressures
Slowly, but inexorably, inflationary pressures are building across the economy.
bunny deficit describe growing keeps small steroids term trade
The trade deficit, if you can still use the term deficit to describe the GDP of a small country, just keeps getting wider. This is the Energizer bunny on steroids as it keeps growing and growing and growing.
causing high house people prices pull question turned twice
Some people are being turned off by the high house prices and they just can't pull the trigger. Without question that's causing some people to think twice about buying.
confidence despite remains
Despite the faltering confidence numbers, consumption remains strong, and that is all that really matters,
cash flow help
You need to help the cash flow to businesses, just to make them a little better off.
costs earnings further input limited pressure pricing rise sharp
The sharp rise in input costs can only further pressure earnings in those sectors where there is limited pricing power, which is still most of the economy.
basis cut movement rest shows yield
If they cut by 50 basis points, we may also see some movement down in the rest of the yield curve, ... If they cut by 25 basis points, I don't think it shows up in the rest of the curve.
against bid businesses capacity choice creeping inflation pressures running
Businesses are running up against capacity constraints and have no choice but to hire, and that may bid up wages. Productivity is decelerating and inflation pressures keep creeping up.
boss cannot good worries
Basically, the new boss has the same worries as the old boss. For the markets, this cannot be good news.
available data funds generate hopefully improvement point quarter rebound second seem solid spent
The data for the second quarter seem to point to a solid rebound in growth, ... That should generate improvement in profits, and hopefully the available funds will be spent on investment.
buying decline demand forget june level market mortgage people rates showing sign wonder
Forget the decline from the June pace. What is important is the level of activity, and that is extraordinarily high, ... This market is showing no sign of weakness. With mortgage rates so low, it is no wonder that people are still out there buying homes. And with demand strong, construction is not going to fail.