Kevin Logan
Kevin Logan
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,
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.
housing past seems seen year
The uptrend seen for the past year or so in housing seems to be intact.
beginning date far housing indication market sales situation
So this is more up to date as far as the situation in the housing market is concerned. It is a better indication that housing sales are beginning to slow.
additional change dividends income patterns people save small spending stimulus
The stimulus to spending will probably be small because a lot of people that get dividends are already well-off, and any additional retained income they'll have may not change their spending patterns much -- they may just save more.
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.
damaging decided events global intense lowest market might military nearly people pricing prior stock
Prior to the war, the stock market was at its lowest because people were pricing in a more intense military conflict, which hasn't happened, ... The market has decided that these events weren't nearly as damaging as they might have been to the global economy.
annual consumer estimate grew percent possibly retail sales seven spending
Seven percent is not an unreasonable estimate for GDP growth. Retail sales were strong, especially with the revisions. Consumer spending possibly grew 12 percent at an annual rate. That's really charging right along.
annual consumer estimate grew percent possibly retail sales seven spending
Seven percent is not an unreasonable estimate for GDP growth, ... Retail sales were strong, especially with the revisions. Consumer spending possibly grew 12 percent at an annual rate. That's really charging right along.
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.
booming numbers
You can't look at these numbers and say things are going to be booming going forward.
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.