Robert MacIntosh
Robert MacIntosh
Sir Robert Reynolds Macintoshwas a New Zealand-born anaesthetist. He was the first professor of anaesthetics outside the United States...
couple job labor market quarter quarters second situation starts takes turn typical
We will get well into the second quarter before the job situation really starts to improve, ... That's typical of recoveries; it takes a couple of quarters before the labor market starts to turn around.
guess hearing worried worries
I've been hearing worries about it for years, but I guess I'm not worried yet,
filled soon spots
I would like to see the spots filled as soon as possible.
deal game plan
We need a game plan to deal with Iran.
based increases odds
Based on this statement, it increases the odds of another increase. I would have had it at 25 percent, but now it's 65-70 percent.
based increases odds
Based on this statement, it increases the odds of another increase.
hit people
It's not pretty. A lot of things just hit people today.
bias bit change cutting early maybe meeting next risk suspect
It's probably a bit early to change the bias to neutral. I suspect they'll say there's still more risk of another downturn than there is for too much of an upturn. Maybe the next meeting is when you have them take away the cutting bias.
clearly darn growth higher interpret market number rational talking trend
The number was a little higher than expected. I think the market will like it, but we are still talking about no growth here, and the trend is clearly down. The market is going to interpret this at first favorably, but a more rational interpretation is that it is pretty darn weak.
again companies confident economy existing function grinding hire ramp running wanting
That's a function of companies wanting to feel confident that the economy is up and running again before they hire back. If they do want to ramp up activities, they do it by grinding more out of existing people.
fall hard
It's hard to fall any more if you're already on the ground,
themselves
They wanted to give themselves some flexibility, which they didn't have with that language.
adding issue talking
We're not talking about adding 300,000 jobs, which is what you get when things are really going well; we're still a long way from that. I don't think it's an issue at all from an inflationary standpoint.
acceptable bond cash earnings equity far flows investors normal
Banks, bond investors and equity investors will ratchet down their idea of what's normal and acceptable as far as earnings and cash flows go,