Lara Rhame
Lara Rhame
confidence crucial forward good patriotic question reflected rise simply spending
This is undeniably good news. The crucial question going forward is going to be if the rise in confidence is reflected in more spending on the part of the consumer, or if it's simply a patriotic rally.
amount anxiety confusion due economic lock military recent reminder tremendous weakness whether
This is yet another reminder that policy-makers don't have a lock on knowledge. There's a tremendous amount of confusion now about whether or not the recent weakness due to military anxiety is going to end up being self-reinforcing economic weakness.
anywhere confirmed excited guess markets month number seem turnaround
A turnaround in manufacturing has not been signaled anywhere else, so I guess I'm not as excited about this number as the markets seem to be. I would like to see this confirmed in another month of data.
earlier gains release solid support
This is a solid (GDP) release and should support the dollar's gains from earlier this morning,
concerned cut economy fed fine might pain rates remains shock
This is not a 'ripping off the Band-Aid' kind of situation, where you know how much the pain will be and that you'll be fine afterwards. We don't know how well the economy has healed. The Fed remains very concerned ... that they might overshoot and give the economy such a shock they'll have to cut rates again.
aggressive markets measure might preferred pricing
This is the Fed's preferred measure of inflation...and might have markets pricing in a more aggressive Fed.
activity eyebrows fairly high housing leaves level markets number raise rate worry
The weaker-than-expected housing number still leaves housing at a fairly high level of activity but will raise some eyebrows as markets worry about the (Federal Reserve) overshooting (with rate hikes).
alert conclude evidence fed seeing slow wait
We are seeing a slowdown, but we're not necessarily seeing a slow economy. The Fed is still going to be on alert for inflation, and we're going to have to wait and see more evidence before we can conclude that it isn't a threat.
alert conclude evidence fed seeing slow wait
We are seeing a slowdown, but we're not necessarily seeing a slow economy, ... The Fed is still going to be on alert for inflation, and we're going to have to wait and see more evidence before we can conclude that it isn't a threat.
cause consumer employment growth job shock shut situation spending
I think the employment situation is getting better, slowly, so I don't think it will cause the consumer to shut down, ... But job growth like this makes consumer spending that much more fragile, if some exogenous shock should hit.
deficit dollar exists gloom market punishing size
I think a lot of gloom still exists about the size of the deficit and the market is punishing the dollar for that.
bottom call history shown simply soon tough
I think it's too soon to call for a bottom simply because history has shown us that with this currency, it's a tough bet.
claims combined data dollar focus modest morning trade
It is a modest dollar negative; the trade data combined with the claims data, but the focus this morning is very much on digesting the BOJ and on payrolls tomorrow.
job
I think they'll need to see a lot of job growth, not just one month.