Michael Gregory
Michael Gregory
consumer continues creeping despite energy fact gains housing job offset potential prices providing remain spending suggest
Despite the fact that energy prices are creeping up and housing continues to crumble, surveys suggest job gains are providing an offset for confidence. The potential is there for consumer spending to remain resilient.
broader continues housing sector surprise view
This surprise rise in no way alters the broader view that the housing sector continues to cool.
business demand fed foreign game half likely picking solid
With business outlays solid and foreign demand picking up, this will likely keep the Fed in the tightening game through the first half of the year.
economic exports further global growth pickup support
Exports should find further support from the pickup in global economic growth.
activity factory likely remains slightly
Factory activity likely cooled slightly in December, but remains robust.
business consumer continuing foreign march momentum pick solid spending
There is a lot of momentum in this economy. Consumer spending is continuing to march along, business spending is solid and you have a pick up in foreign demand.
among badly burnt data decline economic europe eventually investors quite rate robust talk tougher
Much of the decline is disappointment among investors who were burnt quite badly in 1999 where they thought things had bottomed. You'll have to see some tougher talk from the ECB, more robust economic data from Europe and eventually a rate hike.
against backdrop behind below canadian commodity dollar economic fact inflation lower market rallying rates
But against the backdrop of improvements in commodity prices, the fact the Canadian dollar has been rallying and the long end of the market had already priced it in, they thought, 'Listen, our rates should be below U.S. rates. Our inflation is lower and we're well behind in the economic cycle.'
along consumer ebb equity fed growth keys mortgage prices pull spending
Mortgage equity withdrawal (which keys off prices and rates) is going to ebb substantially and pull consumer spending growth down along with it. When it does, the Fed will pause.
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Our last two fires had smoke detectors, but no batteries, ... We're praying to get the word out (about smoke alarms).
affected bubble lower period rate
I think a lot of people's perceptions are still affected by the bubble years. If you take away that four-year period when the unemployment rate was lower, you have to go back some 32 years to find an unemployment rate lower than it is right now.
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People are infatuated with candles, they're using them more than ever,
fed further moved odds past pricing several weeks
Over the past several weeks we've moved from pricing in one further move by the Fed to odds favoring two moves.
case certain certainly changing conduct cuba euro fine help kinds liberal might trade using
If it's the case that certain kinds of trade are not done with Cuba right now because they're in U.S. dollars, then that's fine -- changing to the euro might help that. If it's a case where using euros to conduct more liberal trade with Europe, then that's certainly of benefit, as well.