Mark Vitner
Mark Vitner
anecdotal anywhere common common-sense core evidence inflation near
Anecdotal evidence and common sense suggests that core inflation has not been anywhere near this tame.
serious view
We do not view this as anything more serious than a much-needed correction.
concern employment fed greenspan january markets spell stance
There is some concern that we could see a much more hawkish stance from the Fed and that Greenspan may spell out a little more tightening than the markets had priced after the January employment number.
account bad decisions far growth income influence news percent personal recent salary since spending tend wage wages weakness
The recent weakness in wage and salary growth is bad news for retailers, since wages and salaries, which account for more than 56 percent of personal income, tend to influence spending decisions far more than other income sources.
cause damage flood insurance lack likely recovery tend
Flood damage does not tend to be as insured. The lack of insurance is likely to cause the recovery to be delayed,
above below came gas higher huge interest knock market number prices rates relief rising sign
There was a huge sign of relief when the number came in above 100, and that's why the market rallied, ... There was a thought that the combination of rising interest rates and higher gas prices would knock it below 100.
build win
This is a real win for the state, one we could build on.
clearly economic gaining good
This is a really good story from an economic standpoint. Manufacturing is clearly gaining momentum.
economy economy-and-economics gotten shock track
This is another affirmation that we've gotten over the shock of the hurricanes and the economy is back on track to where it was before.
accustomed dealing disaster type
This is such a different type of disaster than we're accustomed to dealing with.
fed influence markets mouth open supposed
The way the Fed is supposed to influence markets is through an open market policy, but they will also use the open mouth policy,
accurately depends dire economy flat low slowly yield
It really depends on when you get the flat curve. Right now with the low rates, I don't see dire implications from a flattening yield curve. It just is accurately indicating that the economy is slowly or moderating.
believe economic hard number quarter stop strong truly
I truly believe that they would like to stop at 5 percent, but if we get a really strong number (for economic growth) in the first quarter it may be hard to do that.
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.