Mark Vitner
Mark Vitner
coming damn economic interest percent plenty rates reports respond weak zero
We're going to have plenty of weak economic reports over the coming months. If they respond to every one, they'll get down to zero percent interest rates pretty damn quick.
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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,
coming expected gain job likely state states
The state is expected to gain 150,000 new residents this year, with two-thirds of the adults likely coming from other states for job opportunities.
cause coming conclude economic expected fed heels inflation interest june leave news rates recent unchanged weaker
Coming on the heels of the recent spate of weaker economic reports, the better than expected inflation news will probably cause the Fed to leave interest rates unchanged at their June FOMC meeting, ... It is still way too soon, however, to conclude that the Fed is done.
claims cold coming confidence consumer drop face heels including looking reports retail sales sharp slap stronger
Coming on the heels of stronger reports on retail sales and durable-goods orders, as well as a sharp drop in first-time claims for unemployment, this ... drop in consumer confidence was a cold slap in the face to all of those economists, including ourselves, that are looking for a second-half rebound.
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.
change coming latin less people
What would change this is if we were to see an unanticipated strengthening in the U.S. dollar. We'd see less people coming from Latin America.
coming confidence consumer gas hold interest knock likely prices rates
I don't know if the gas prices and interest rates will knock consumer confidence down in coming months, ... I think they're more likely to hold it where it is now, which is good, but not great.
coming growth major places population rapid tourists
The major story in these places is very rapid population growth, with retirees, seasonal residents and tourists coming in,
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We're just now realizing how badly off the economy was in the second quarter, ... The wider trade gap, along with the weakness we saw in the business inventory numbers that came out this week and weaker construction spending, will probably result in a second-quarter revised GDP number that will be zero or even slightly negative. It will be an eye-opening number, but it's no more worrisome than what we've seen.
both created jobs quality quantity seeing
We're seeing both the quantity and quality of the jobs being created improving.
fed funds higher knows manual neutral operating rate says
There is no operating manual that says what a neutral fed funds rate is, but the Fed knows that it's higher than 3 percent,
account adjustment came causes data employment gauge hard hiring holiday later might november numbers problem thanksgiving wider year
The problem with the November employment numbers is hiring for the holiday season. It's hard to get a gauge of what it's going to be. They do a seasonal adjustment to the number to account for that, but the seasonal adjustment causes wider swings. And this year Thanksgiving came later in the month, so hiring might have started after the November data was collected.
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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.