John Silvia
John Silvia
confusion create good labor leads policy public sides stories telling useful
It does create a lot confusion and leads to different sides telling different stories -- not useful for making good public policy for the labor market,
economy fit jobs labor market mold
Today's labor market does not fit the mold of the old models. The economy has recovered, and many of the old jobs are gone.
fed giving labor market means next reason several sit slack tight
That means there is even more slack in the labor market than we had previously thought, giving the Fed even more reason to sit tight for the next several months.
economic employment growth labor recovery relationship time
This is really the first post-NAFTA, post-WTO economic recovery we've ever had in this country. Because of the globalization of the labor market, the relationship between economic growth and employment is different this time than it has been in the past.
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.
adding gone jobs means month per recovery zero
We went from adding zero to 50,000 jobs per month up to adding 300,000 jobs per month. Now we're going to adding 200,000 per month. Going from 300,000 to 200,000 means we've gone from a recovery to an expansion.
continue economy foreign interest likely private remains secular securities trend
The secular trend of foreign private interest in U.S. securities is likely to continue as long as the U.S. economy remains strong.
played washington
They are all pretty well-known. They have all played in Washington circles.
economy move neutral
An economy in neutral has started to move forward.
employment eve markets solid
Employment markets were solid on the eve of destruction.
consumer employment far housing impact oil price spending stronger wages
Employment and wages are stronger and therefore, consumer spending is stronger. Housing is slowing, but not as much as we would have expected, and the price of oil is so far not having that big an impact on the consumer.
adjusted christmas expected faster people sales signal weaker
People have adjusted faster than we expected to the way they use credit. This could be a signal that Christmas sales may be weaker than expected.
ahead data growth initial inventory likely orders remains slower stage suggested
As suggested by the orders data and the ISM survey, the initial stage of inventory replenishment has not been sustained, ... Slower growth ahead remains the most likely outcome.
cash people
There's got to be a lot of people out there with the cash for a deposit.