Maureen Allyn
Maureen Allyn
bear bite cheer cut feeling happens history market people sort taken tells themselves trying
People may not be feeling all that good, but they are trying to cheer themselves up. They're not constrained yet, but I do think it is going to set in. The bear market has taken a big, big bite out of wealth, and history tells us when that happens people do sort of cut back.
cleaned economy large moving stock struggle though until
That's all got to be cleaned up. The stock market's going to struggle until that happens, and the economy at large will feel like it's moving through molasses, even though it will be moving forward.
ahead economy fast fed fragile happy inflation position sets slow stuff sure worried
The Fed is very happy to see this kind of stabilization, but they're going to be worried about inflation and credit. Honestly, I think the Fed understands how fragile a position the economy is in because when you slow down this fast it sets a lot of stuff in motion. They want to get ahead of that and make sure it doesn't get worse.
believe revolution
I really do believe this technological revolution qualifies as a big one that is going to have a long-lasting impact.
layoffs
I have to think there will be more layoffs in the pipeline.
corporate currency desire dollar faith government greenspan hill holding money turn wants
I have never thought that what a government wants its currency to do makes a hill of difference. What's holding the dollar up is a desire to put money here and a faith in Greenspan and Corporate America. That's all psychology, and it can turn on a dime.
demand people sheer stuff wanting
It was just the sheer demand of people wanting stuff and the demand of supplying it.
exporting good rest shape tough
The rest of the world is not in good shape and exporting to them is a tough slog.
bit boost closer edge estimate everybody fairly fed fourth quarter sitting string strong
This is kind of capping a string of fairly strong numbers, and I'm even going to have to boost my estimate of fourth quarter GDP up closer to 3 percent. We know the Fed is sitting on the edge of its seat. It's going to make everybody a bit nervous.
created gm jobs last lay people
If you can lay off all those people at GM and still have 66,000 new jobs created last month, that's really pretty strong.