Richard Yamarone
Richard Yamarone
anywhere fantasy found good inflation oasis
There's no inflation anywhere to be found in the U.S. economy, and that's good for bonds. It's more than an oasis of prosperity, it's more like Fantasy Island.
good
This is not a good report, all things considered.
good rally
This is good news. For all intents and purposes, this is really good data. Some equities should rally on this.
april arrive convinced dedicated energy goods large less march money portion spent tax
We are convinced that a large portion of the tax refunds that are scheduled to arrive in consumers' mailboxes in March and April will be dedicated to these exorbitant energy costs. With that, there'll be less money spent on other goods and services.
inflation pressures subdued
Inflation pressures are rising, but at a subdued pace.
along cannot economic generally increased inflation pass periods problem producers simply
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.
convinced previous recovery smooth
I'm not at all convinced this recovery we're having is going to be as smooth as we've had in previous recoveries.
creation fed foot increasing job problem signs stellar
The big problem now is what does the Fed do with this. How does the Fed take the foot off the brake when you have stellar job creation and signs of increasing inflation?
along companies conference earnings fingers general listening people sentiment tone trigger
The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.
behind creation job labor likely movements next roses worst year
It's not all roses in the labor market. I think the worst is behind us, but we're more likely to have flat, or sideways, movements in job creation for the next year, year and a half.
afford anyone subject
It's not a subject that anyone can afford to fail.
advancing afford economy err fed inflation mistake overdoing pause refrain side
The Fed may pause ... but I think that would be a mistake. With the economy advancing at such a torrid pace, the Fed can afford to err on the side of overdoing it. ... The mistake would be to refrain from combating inflation pressures.
drop economy economy-and-economics february losing numbers retail sales sign simply
The February drop in retail sales is not a sign that the economy is losing momentum. It is simply a payback for extraordinary numbers in January.
average deal earning economic great indicator labor market pain people prices record
The labor market is very healthy. The most important economic indicator for the average person is their job. As long as people are working, they're earning and that's offsetting a great deal of the pain from record prices at the pump.