Lakshman Achuthan
Lakshman Achuthan
continue cyclical direction falling growth job
Everything is falling into place, with the way our cyclical indicators are behaving. We should see the direction of job growth continue to improve.
continue economic move phase point
We're at the point in the economic cycle, which comes in every economic cycle, where you move from an acceleration phase to a deceleration phase. We'll continue to grow, but not as fast.
components continued high number oil prices weakness
The continued weakness in a number of components of the index suggests that it's more than just high oil prices that are ailing the economy.
diminish focus good impact investors issues overall recovery takes
As the recovery takes hold, the vulnerability we have surrounding these issues will diminish and they won't be able to impact the overall economy. And then investors will focus on the good news.
air bit collapse economy fear hurricane jobs oil prices
I don't think we're going to see jobs collapse or disappear. There is a bit of fear in the air with what's been going on with oil prices and the hurricane that there's going to be some kind of collapse. But I think this economy is resilient.
bull economy-and-economics paper recessions strong uncover weak
One of the things recessions do is uncover weak links. When you're in a strong economy, a bull market, you can paper over a lot of things. When you get under some strain, these things show up.
couple jobs per perspective seeing
To put this in perspective, a couple of years into recovery, we should be seeing 250,000 to 300,000 new jobs per month. We're not there yet.
fast queen run stay twice
It's the 'Red Queen effect' -- you've got to run twice as fast just to stay in place.
economists economy economy-and-economics turn
The not-too-hot, not-too-cold 'Goldilocks' economy envisaged by many economists could turn out to be a mirage.
basic message
The basic message is unambiguous -- you've got inflation.
depress economic
It will temporarily depress some economic activity, in much the same way a snowstorm could.
act capital earlier employment increased investment primarily result structural
There's been a very real structural shift, primarily in manufacturing employment, as a result of outsourcing and earlier capital investment that has increased productivity. They're making employment act differently in this upturn.
aware decisions might painfully people reasons taken telegraph
The Fed's painfully aware of this, and that's one of the better reasons they try to telegraph what they're doing, so people don't get caught. The institutions that have taken decisions that might put them into harm's way are probably fewer.
improvement today worth
How much better is the Corvette today than 30 years ago? What is that improvement worth? It's not worth zero.