Nigel Gault
Nigel Gault
bottom carried economy economy-and-economics good hit job line market momentum temporary weather
The bottom line is that the job market carried good momentum and the economy can weather the temporary hit from the hurricanes.
funds given source
That's given them a source of funds to keep spending.
coming core costs energy expect finished goods higher inflation katrina pass prices rising saying
Energy prices were rising before Katrina hit, and while those costs didn't make their way through to finished goods in August, we have to expect higher core inflation in coming months. Firms are saying that they've absorbed so much already that they have to pass on these costs.
scholars-and-scholarship start stop unusual
It wouldn't be unusual at all for them to stop and start again.
episode hikes rate unusual
This is the unusual episode that we've had so many rate hikes in a row.
economic economy-and-economics evidence growth improving jobs latest opposite report
This latest report is unmistakable evidence of an improving economy. What you have to look for is evidence that the fourth-quarter slowdown in economic growth will continue. And this jobs report is evidence that just the opposite is happening.
advanced apply companies continuing extra increase increasing incredible output per pump seems technology ways
It seems that companies are continuing to find new ways to apply advanced technology to increase output per worker. It has been really incredible how much extra output companies have been able to pump out without dramatically increasing staffing.
broader consumer housing looking question slow spending time trigger whether
For a long time we've been looking for consumer spending to slow down, ... It's a question whether this is a trigger for a broader slowdown in consumer spending and the housing market.
believe carry consumers harder longer price prices stay whether
Of course, we don't know whether the price is going to stay at $3. But the longer prices stay at this level, the harder it is to believe that consumers will just carry on doing what they were doing.
appeared couple far gasoline growth healthy holiday looks months per prices spending
Excluding autos, spending growth looks healthy -- not a blockbuster holiday season, but far better than it appeared a couple of months ago when gasoline prices were over $3 per gallon.
coming deficit given larger oil points recent rises trend
The trend still points to a larger deficit in coming months, especially given the recent rises in oil prices.
activity continued demand early high levels looks outlook remain
Activity levels remain solid, indicating continued high demand for services. The outlook for early 2006 looks positive.
bag building mixed projects work
For the construction workers, there will be probably not be so much work in new residential building, but there will be work in nonresidential building and there will also be work in reconstruction projects in the hurricane-affected areas. It's a mixed bag for construction.
economy economy-and-economics expect frequently growing markets posting trend
It's interesting because the economy is growing in real terms, so you would expect to see the markets frequently posting all-time highs, because the trend is (naturally) up.