Mark Vitner
Mark Vitner
anywhere area economy economy-and-economics florida hard largest margin nation pressed recent weak
All of Florida is doing well. Its economy is outperforming the nation by the largest margin in recent memory. You'd be hard pressed to find a weak area anywhere in the state.
care existing focus mediocre opening overall pie retailers sales securities slice steal stores successful
They're only mediocre if you're a securities analyst, not if you're a real person, ... The successful retailers are opening stores like mad. That may steal sales from existing stores of their own as well as other retailers. But the overall pie is growing. I'm an economist; I focus on the pie, I don't care how they slice it.
economy economy-and-economics employment rely stronger virtually
They rely on a lot of other things. When you look at economy in its totality, virtually everything is stronger than the employment data.
abruptly afterwards ahead came chicago fed late month quite soon weakness
Back in late 2000 the Chicago PMI weakened a month ahead of the ISM survey. The weakness then also came quite unexpectedly and soon afterwards the Fed abruptly reversed course,
baby dunk energy likely move prices raise rates remain slam
As long as energy prices remain high, they're likely to move in baby steps. I just don't think it's a slam dunk that they raise rates in December.
economy economy-and-economics global tells
That tells me not only is the global economy not strengthening, but it's getting weaker.
alabama economy-and-economics paid
Alabama wanted to diversify its economy, and it paid up to do it.
coming consumer disaster faster help hit minimize money natural relief
The relief money is coming in much faster than it has for any other natural disaster that I can remember. That should help minimize some of the hit on consumer spending,
bad height inflation last might particular quite report
This may be the last bad PPI report we'll see for quite some time, ... This might be the height of this particular inflation scare.
companies expect given inflation pricing report type
This is the type of report we would expect to see, given the slowdown that we've already experienced in the economy, ... Companies don't have any pricing power, and if they don't have any pricing power, then inflation can't really be a threat.
accounts motor overall percent rebound retail rise sales vehicle
A rebound in motor vehicle sales accounts for much of December's 0.7 percent rise in overall retail sales and is also responsible for much of November's upward revision.
demand growth high job market proportion vastly
A very high proportion of that job growth is occurring in high-paying professions. This is a demand-driven market and demand vastly exceeds supply.
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.