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.
along badly business came economy economy-and-economics inventory numbers realizing result revised saw second slightly trade weaker weakness week wider zero
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.
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.
anywhere chicago follow near next report weakness
So even if tomorrow's ISM report does not show anywhere near the weakness the Chicago report does, we could still see some follow through in the next month's numbers.
account bad decisions far growth income influence news percent personal recent salary since spending tend wage wages weakness
The recent weakness in wage and salary growth is bad news for retailers, since wages and salaries, which account for more than 56 percent of personal income, tend to influence spending decisions far more than other income sources.
anywhere area economy economy-and-economics florida hard largest margin nation pressed recent weak
All of Florida is doing well. Its economy is outperforming the nation by the largest margin in recent memory. You'd be hard pressed to find a weak area anywhere in the state.
abruptly afterwards ahead came chicago fed late month quite soon weakness
Back in late 2000 the Chicago PMI weakened a month ahead of the ISM survey. The weakness then also came quite unexpectedly and soon afterwards the Fed abruptly reversed course,
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.
bit difficulty economy expecting explain fact folks generating helps mild momentum negative positive recession short three weaker
It confirms that this recession in 2001 was not particularly mild or as short as some folks had thought, ... We were expecting at least two negative quarters, and the fact we had three is a little bit of a surprise. That helps explain why we're having so much difficulty generating some positive momentum right now. The economy was weaker than we had thought.
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,
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.
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.