Kevin Logan
Kevin Logan
benefit list listed needed reason soon
The only reason we wouldn't be able to make it (to the benefit concert) is if Pete got listed and we needed to leave. As soon as they list him then we need to get him down immediately.
bad continue given grew grow high home level likely move overall sales sideways
The overall level of home sales is still healthy, but it's likely not going to be able to continue to grow in 2004 the way it grew in 2003. It may be topping out, and sales will move sideways -- but that's not a bad thing, given the high level of sales.
change data hike next rate week
We have the FOMC next week where a rate hike is a foregone conclusion. Today's data didn't change that,
affect bother clearly confidence consumer employment events main war
It's going to bother consumers. When you look at consumer confidence over time, the main things that affect it are employment and income; but there are other events that can affect confidence, if only temporarily, and war is clearly one of them.
couple depends economy fourth influence learn next quarter
It (the fourth quarter GDP report) has no influence on next week's decision, so it really depends on what they learn about the economy over the next couple of months.
although bit likely pace slow
What it suggests is that the pace of growth, although pretty robust, is likely to slow a bit going forward.
booming numbers
You can't look at these numbers and say things are going to be booming going forward.
housing past seems seen year
The uptrend seen for the past year or so in housing seems to be intact.
bit fed relief
There's a little bit of relief that the Fed wasn't more aggressive.
changed continues corporate investment profits weakness
They haven't changed (their bias). The weakness in corporate profits is a problem, and investment continues to decline.
lack people risk thin
It's a very thin market. People don't want to take any risk because of the lack of liquidity.
lack people risk thin
It's a very thin market, ... People don't want to take any risk because of the lack of liquidity.
believe changed closer further inflation policy pressures rather risk subtle
They've changed their risk assessment; that's a subtle shift, but it is a shift. If you believe that inflation pressures will mount, they're closer to, rather than further from, a policy move.
due energy higher increase played prices role
Prices played a big role here. A lot of the increase was due to higher energy prices, particularly for oil.