John Shin
John Shin
bigger bill coming deficits fears finally outlook trade whether
There will be some bigger fears about whether the bill for years and years of trade deficits is finally coming due. The outlook is for continued, big current-account deficits.
amount coverage disaster enormous katrina reflect
It really does reflect the enormous amount of coverage of the Katrina disaster.
basis continuing fed funny keeps number pause points quickly raising sentiment soon track
It's pretty funny how quickly sentiment can swing, but I think it's too soon for the Fed to pause (in raising rates). This morning's number keeps the Fed on track continuing 25 basis points (quarter-point) hikes.
focused highest impact katrina last less since spring stronger
This is stronger than expected, the highest since spring of last year. But it's less important since it doesn't show anything about the impact of Katrina and everyone's focused on Katrina right now.
below change claims expectation fell though
This doesn't do anything to change the expectation for payrolls tomorrow, even though it is eye-catching that claims fell below 300,000.
affected auto chicago generally lower number reports sales sector
The Chicago number is generally more affected by the auto sector and you do have reports of lower auto sales down from July's gangbuster numbers,
broad cooling housing noisy painting picture
The index is noisy on a week-to-week basis, but it is painting a broad picture of a cooling housing market.