Mark Vitner
Mark Vitner
awful create labor market mess tight
It would create an awful mess in Florida, where the labor market is tight by any definition.
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.
bit close fear fed housing market maybe slowing takes today yesterday
Yesterday there was a little bit of a fear that maybe the housing market is not slowing down much and that the Fed has to do a little bit more, and today it takes some of that fear back out. They are really close to being done.
employment improvement job market seen skilled slack starting workers
We haven't seen that much improvement in employment of hourly workers because the job market for lower-skill workers still has a lot of slack in it. But if you look at skilled workers, it's a much different picture. We're starting to see some real shortages in some sectors.
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.
accounting company markets pension surprising
But pension accounting is awfully complicated and it's an awfully big company, so it's not surprising the markets would get a little spooked by it.
affect beautiful consumers gasoline higher market prices stock weather
It (consumer sentiment) was a little higher than expected, but the stock market has come back, gasoline prices have come down, and the weather has been beautiful and that has to affect consumers somewhat.
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.
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,
boost businesses costs energy fed growth hiking hire hiring interest labor looks markets output rates recent reluctant
The most recent acceleration in productivity growth looks like it was cyclically driven, ... Even with output soaring, many businesses were reluctant to boost hiring because the Fed was hiking interest rates and energy costs were surging. Even if businesses wanted to hire more workers, many could not because the labor markets were so tight.
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.
markets rational
Markets are rational and forward-looking. However, they can also be wrong.
case clearly decent economic growth half labor likely market second seems
The labor market seems to be improving. It bolsters the case we've been making that the economic slowdown story is a little oversold. Clearly growth is moderating, but we're still likely to see some decent growth the second half of the year.
case clearly decent economic growth half labor likely market second seems
The labor market seems to be improving, ... It bolsters the case we've been making that the economic slowdown story is a little oversold. Clearly growth is moderating, but we're still likely to see some decent growth the second half of the year.