Nigel Gault
Nigel Gault
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.
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.
above concern few month next push risk sometime
There is a risk that we will push up above 2 percent, not necessarily over the next month but sometime over the next few months. That will be a concern to the Fed.
funds given source
That's given them a source of funds to keep spending.
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.
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.
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.
companies hire limits reached work
Companies have reached the limits of what they can do with their work forces. They have to hire more workers.
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.
august bigger dragged fourth growth hit impact measured possible quarter september
It is possible that the hurricanes that hit in August and September had a bigger impact on measured GDP growth in the fourth quarter than in the third. ... The hurricanes probably dragged on investment, too.
good greatly growth labor last reports strength suspect third underlying
Growth was very good in the third quarter. We really suspect that the last two reports greatly understated the underlying strength of the labor market.
clearly damage economy-and-economics growth housing mark mean overall question slower
Clearly the slowdown in housing will mean slower growth in the overall economy. The big question mark is how much damage there will be.
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.