Mark Vitner
Mark Vitner
accounting company markets pension surprising
But pension accounting is awfully complicated and it's an awfully big company, so it's not surprising the markets would get a little spooked by it.
commodity costs cyclical hard household passing profit raw squeeze time user
It suggests there could be a profit squeeze in some of the cyclical industries, ... Autos. Household appliances. Anything that has a lot of raw commodity in it. The end user is going to have a hard time passing those costs on to the consumers.
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It's truly amazing unemployment has gotten this low in Florida when the population is growing as fast as it is.
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It's pretty early to have a good idea of what damage there is in the region. It is the damage to the energy infrastructure that is important to the national economy.
consumers economy-and-economics fairly holiday season worried
Consumers are fairly worried about the economy. ... I think the holiday season is going to be ho-hum,
acceptable businesses consumer cooling curb economic falling growth months orders production reason recent risen spending
The No. 1 reason new orders and production are falling is that inventories have risen in recent months as consumer spending has slowed, ... Such a buildup was acceptable when economic growth was accelerating. Now that growth is cooling off, businesses will need to curb stockpiles.
continues income job lack number problem
The number one problem continues to be a lack of job and income growth.
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It's beginning to look like the Fed was right all along ... and that the case for a recession has gotten a lot weaker. It looks like we're going to have a successful bumpy landing.
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it's somewhat surprising how resilient the economy has been, despite higher energy prices.
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The biggest mistake of economists over the past 20 years ... We've consistently underestimated growth.
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It's always a question in getting the cost right and delivering the product at the right time.
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It will take longer for Louisiana and Mississippi to recover from the storm than Florida last year, ... Resource- and agriculture-reliant areas just don't do as well.
confidence consumer early economic sequence stages uncommon
The two-steps-forward, one-step-back sequence is not at all uncommon for the Consumer Confidence Index during the early stages of an economic recovery.
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The upward revision results from the slightly lower than previously estimated trade deficit. We've already seen in July data that trade deficit has worsened in the third quarter.