Maureen Allyn
Maureen Allyn
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.
bond good happy inflation market means pressures remember surprises terrible threat time wage
We just don't see the wage pressures and I think the bond market is so happy because that means there really isn't any threat of inflation out there. Remember all those terrible surprises we used to get on Fridays? It's about time the bond market got a good one.
bad concerned front inflation markets months nervous
I am really concerned that one of these months we are going to get a bad inflation number. I think the markets have to be very nervous in front of these inflation numbers.
bad bring earnings inflation low prices raise street volatility wall
Volatility should be expected. At some point, really low inflation is bad for earnings. If you can't raise prices you can't bring in the earnings Wall Street wants.
dramatic evidence gradual people
It's not a dramatic fallout, and I don't see any evidence of panic. It's much more of a gradual adjustment; people have to diversify a little more. It just slows things down a little bit.
august gave jobs report street wall
The August jobs report gave Wall Street just what it wanted.
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.
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.
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.
employers hire job pay people reluctant
Employers are reluctant to hire people who can't do the job they want and they're reluctant to pay more.
claims difference grow hearing stable starting upside worst
There's a difference between being stable and starting to grow again. I think that's what we're hearing from companies, too - the worst may be over, but we really don't see the upside coming, and that's what these jobless claims suggest.
flat
This is still very flat inflation. We do not have an inflationary worry.