John Silvia
John Silvia
degrees pain
There are varying degrees of pain, but I don't think there are going to be many sectors that are not going to be impacted,
experience reality
The reality is someone new is going to have to take over the job, and that new person is never going to have as much experience as Greenspan,
bet gas three
Our bet is that the impact, if there is a lot of damage, will get us $3-per-gallon gas in three weeks.
change difficult fed goal market point pursuing raising sell
I think the market may sell off if there's no change in statement, ... It'll still be in the same difficult position, and it'll be disappointed that at this point the Fed is still pursuing goal of raising rates.
chairman cited concerns costs greenspan inflation key labor latest outlook
Labor costs were one of the key inflation concerns cited by Chairman (Alan) Greenspan in his latest testimony, ... Our outlook reinforces his concern.
tough
I think it's way overdue for this administration to get tough on spending,
consensus fed goes neutral position
I would say the consensus is that the Fed goes to a neutral position on inflation.
below bounce clearly gains higher impact job month next oil prices reflect slower specific
Job gains were clearly below expectations and trend. There may be some bounce back next month in specific sectors. Slower job gains may also reflect the impact of higher oil prices and uncertainty in the spring.
change fed language optimism policy saying signal suspect
I suspect that there's a little optimism that the Fed will signal that they are just about done, that they'll change their language from saying 'further policy firming may be' to saying it 'might be' needed.
appears consumers continue faced gasoline higher spend
It appears as if when consumers are faced with higher gasoline prices, they continue to spend their money,
driving due expected factor good host looking numbers oil optimism people retail sales warmer
I think it's just oil and optimism about the New Year. I think oil is the driving factor due to the warmer weather, but people are now looking for better than expected (fourth-quarter) earnings, better than expected retail sales number. There's a host of good numbers out there.
challenge issues straight tackle
He'll tackle the issues straight on, here's how I think how we got here, and here's you have to do. It'll be a real challenge to the politicians.
goal greenspan inflation theme
He'll keep up the Greenspan theme that the Fed's no. 1 goal is to keep inflation under control.
growth inflation looks paid pressures prices problem remain suggesting
Growth looks solid. The problem is prices paid were up again, suggesting inflation pressures remain a concern.