Ken Mayland
Ken Mayland
absolute december declined faster february future good implies report signs
The most encouraging signs in the December report was that inventories declined in an absolute sense and at a faster rate. That implies a need for future restocking and that should be a good sign for January, February and March.
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Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth. I think what this shows is that fundamentally the economy was and is in really good shape.
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We're grinding out some good increases here. We're producing more than we ever did and our capacity to produce industrial goods has increased.
associated below definitely good growth job number track
I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation.
consumer pull reason shell
The consumer is still in there slugging away. There is no reason to think the consumer is going to pull back into some shell and go away.
basically call calls commerce current department income ordinary past people savings whereas
What the Commerce Department calls savings is something different from what ordinary people call savings. Commerce calls savings basically current income not spent, whereas individuals call their savings really their wealth, their accumulation of all past savings.
continue effect fears fed inflation interest members raise telling worried
Fed members are worried about inflation. To raise the fears of inflation is in effect telling us they are going to continue to raise interest rates. Probably not just once more but repeatedly.
course determine employment further information needed neither nor proper report screams shouts stop
This employment report neither screams tighten further nor shouts stop here. More information from other indicators is needed to determine the proper course of policy.
auto cannot monstrous normal sales
Auto sales at these monstrous levels, these gargantuan levels, cannot be sustained. They will come back to normal levels.
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Any long-term plan without an education component isn't a complete plan. We are seeing a brain drain.
cast cold energy notion results spending water
These results cast more cold water on the notion that if nondiscretionary spending on energy swells, it must crimp discretionary spending. It hasn't,
cast cold energy notion results spending water
These results cast more cold water on the notion that if non-discretionary spending on energy swells, it must crimp discretionary spending. It hasn't.
difficult initial month period volatile
As we get into the month of July, it is always a difficult and very volatile period for initial claims.
auto department largely malls means reflecting research stores time
It's largely reflecting the time constraints on the part of shoppers. Doing all the test-driving and research at auto dealers means that they are not at malls and department stores and restaurants.