Mark Vitner
Mark Vitner
bonds boomers college interest money save start starting stocks
Just as when you save for kids' college, you don't want all your money in stocks two years before they start school. Now that the boomers are starting to retire, there's a lot more interest in bonds and longer-dated paper.
best chairman ferguson might vice
I think Ferguson might be the best vice chairman we've ever had.
bad coming horrific month news orleans people
I think it's going to be a bad month for retailers. The news was so horrific coming out of New Orleans that it made people not feel like going out to dinner.
breathing fed gives interest room
It gives the Fed a little more breathing room on interest rates, that's the most I can say.
responding talk
I think they would be responding to all the talk of outsourcing and all the talk in the headlines.
consumers
It is important to look at what consumers are doing, not what they are saying,
again bursting companies economy economy-and-economics finally growing market moved overall past stock tech year
Overall this year the economy moved past the bursting of the stock market bubble. Tech companies finally started growing again and that's really benefited the Triangle.
appreciation demand far less likely moving overall price saw supply
Overall supply and demand are moving into much better balance. With that, we're likely to see far less price appreciation than we saw in 2005.
accelerate annual below continue core exception fed few gradually interest means months next past percent policy pressures price pushing rate recent rose slightly three trends unlikely
Recent trends show the price pressures are well contained, with the exception of oil, ... The core CPI rose at just a 1.8 percent annual rate over the past three months, which is slightly below the 1.9 percent year-to-year gain. That means the core CPI is unlikely to accelerate in the next few months and allows the Fed to continue its policy of just gradually pushing up interest rates.
increase inflation meaningful numbers pick rent
If we see an increase in rent we could really see inflation numbers pick up in a meaningful way.
expect given weakest weakness
We expect to see weakness in the PPI given the weakness in manufacturing, which is the weakest part of the economy,
belief bleed core energy eventually people prices quarter seen
People keep asking, 'How can it be that we haven't seen energy prices bleed over into the core?' ... Our belief is that it will eventually show up in the core CPI, but it may not show up in 2005. It may be in first quarter of 2006.
caused december forward january might normally occurred orders pulled
That caused some orders to be pulled forward into December that might have normally occurred in January or February,
markets rational
Markets are rational and forward-looking. However, they can also be wrong.