Mark Vitner
Mark Vitner
attracted greater portion
The same thing that has attracted retirees over the years is still there: the weather. You can do more things for a greater portion of the year.
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.
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.
continues income job lack number problem
The number one problem continues to be a lack of job and income growth.
despite economy economy-and-economics energy higher resilient somewhat surprising
it's somewhat surprising how resilient the economy has been, despite higher energy prices.
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.
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They are trying to transform their economy. Georgia is trying to improve its economy.
bush cause employment george harm keeping low people raise rates weak
They would like to raise rates, but right now, keeping rates a little too low would cause the least harm in the economy. If they raise rates after this weak employment report, people will be hollering. George Bush would be hollering the loudest.
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.