Richard Yamarone
Richard Yamarone
begins economy engine expected growth remain running suspect trend
It's not really that shocking; we kind of expected it. As the economy begins to moderate, we'll get these sporadic spurts of growth -- like an engine running out of gas. We suspect the trend will remain moderation.
begins economy engine expected growth remain running suspect trend
It's not really that shocking; we kind of expected it, ... As the economy begins to moderate, we'll get these sporadic spurts of growth -- like an engine running out of gas. We suspect the trend will remain moderation.
curve fed longer measured move pace react whether word yield
For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.
looking party talking turned
It's looking like this party we're all talking about has turned into a gala.
bowl consumers partying percent punch status
Consumers are partying like it's 1999, ... They are celebrating their full-employment status and they are spending. The punch bowl is only spiked with 1-1/2 percent inflation, which isn't anything.
confidence consumers cover grand knocking striking
Consumers aren't knocking the cover off the ball. Their confidence isn't a grand slam, but they aren't striking out, either.
energy face higher
Americans are not going to be happy, but they now face considerably higher energy prices. That's going to be the norm, not the exception.
coming jobs likely maybe month
We're more likely to get between 100,000 to 200,000, maybe 250,000 jobs a month in the coming months, and fluctuating -- very choppy,
consumer continue employment influence labor movement recovery sideways simply single throughout
We're going to continue to see this throughout 2004, this sideways movement in consumer confidence, simply because we're going to see a very choppy recovery in the labor market, and employment is the single most important influence on consumer attitudes.
blame buck economy people stops ultimately upset
Ultimately the buck stops with the president. If people are upset about the economy and want to blame someone, that someone is probably going to be the president,
call economist historical housing street weak
By historical comparison, there's not an economist on the street that can call housing weak right now.
expecting fed higher ill inflation looks onward prices quick rate
Higher prices are back, which bodes ill for those expecting a quick end to Fed rate hikes. It looks like inflation is going onward and upward in the first quarter.
almost certain economic fourth growth impressive lose quite sustained
By any measure, third-quarter economic growth was quite impressive. It would be even more impressive if it could be sustained in the fourth quarter, but we're almost certain to lose some momentum.
february forecast low simply stronger terrible
I had a low forecast for February simply because we had terrible weather, ... Yet, we still managed to have this kind of activity. So this is very encouraging for housing. Had it not been for the inclement weather, we would have had a stronger posting.