Mark Vitner
Mark Vitner
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.
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.
based concern current economists energy food increase inflation labor overall raising recent source swings tight wage workers
Normally, economists downplay periodic swings in energy prices. However, the most recent run-up is a source of concern because it may be raising inflation expectations. Workers do not live in a world that excludes food and energy prices. Wage demands, especially in the current tight labor market, will be based on the increase in the overall CPI.
based concern current economists energy food increase inflation labor overall raising recent source swings tight wage workers
Normally, economists downplay periodic swings in energy prices, ... However, the most recent run-up is a source of concern because it may be raising inflation expectations. Workers do not live in a world that excludes food and energy prices. Wage demands, especially in the current tight labor market, will be based on the increase in the overall CPI.
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.
fairly healthy home level percent sales year
When all is said and done, we should still have a fairly healthy level of new home sales this year -- probably up 4 to 5 percent for the year.
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 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.
awful create labor market mess tight
It would create an awful mess in Florida, where the labor market is tight by any definition.
anecdotal anywhere common common-sense core evidence inflation near
Anecdotal evidence and common sense suggests that core inflation has not been anywhere near this tame.
cause damage flood insurance lack likely recovery tend
Flood damage does not tend to be as insured. The lack of insurance is likely to cause the recovery to be delayed,
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.
serious view
We do not view this as anything more serious than a much-needed correction.