Stephen Stanley
Stephen Stanley
Stephen Stanley is a Canadian singer-songwriter associated with the band The Lowest of the Low. Stanley also performs as a solo artist, sometimes in collaboration with violinist Carla MacNeil...
far highest inflation percent reading since
One-year inflation expectations spiked from 3.1 percent to 4.6 percent, by far the highest reading since 1990,
continue fed hike measured pace rates
Barring an abrupt weakening in the economy, the Fed will continue to hike rates at a measured pace for the foreseeable future.
accelerate environment fed fight inflation investors might raises ramp rates worse
If inflation doesn't accelerate much from here, and the Fed just raises rates a little more, we might see something like the end of the 1990s again. But if the Fed has to really ramp up to fight inflation, it's going to be a much worse environment than investors realize.
attention decline
What really got everyone's attention was the decline in the unemployment rate.
along boost coast coming continue demand eventually few gulf housing last levels moderate near pace rebuilding record remain seen starts
While housing demand will probably continue to moderate from the torrid pace seen in the last few years, housing starts should remain well-supported in the coming months, as builders' backlogs remain near record levels and rebuilding along the Gulf Coast will eventually boost activity.
accept competitor consumers decent employed inclined mostly potential price pricing urgency
When the economy's weak, there's always a potential competitor who will undercut you on price, but when everybody's doing decent business, there's not as much urgency on the pricing front. When consumers are mostly employed and their incomes are going up, they're more inclined to accept some price increases.
consistent fed signal
There is no signal that the Fed is nearing the end (of its tightening cycle), and that's been the one consistent thing.
animal election good huge jobs last news report spirits
This report is huge in the big picture, ... With the election over and this good news on jobs we could at last see an unleashing of animal spirits in the economy.
activity both consensus economy entering exports figures generally good imports sign slow solid strike
When both exports and imports are surging, that is generally a sign that the economy is in very good shape. These figures strike me as yet another sign that activity entering 2006 was on a solid footing, not about to slow down substantially, as the consensus believes.
economy fed further grow longer market stronger
We think the economy will grow stronger for longer than the market and the Fed do. We look for substantial further tightening to be required.
expectation june month numbers pattern strong weak weaker
We've had this pattern of strong month, weak month lately. May numbers were weaker and the expectation is for June numbers to be stronger.
data erratic holidays january quite skeptical tend throughout turn
We have been quite skeptical throughout January because data tend to be erratic around the holidays and the turn of the year.
economy hurricane impact question
The question now is what impact the hurricane has on the economy and for how long.
consumer continue continues economy good momentum numbers spending surprise
Consumer spending numbers continue to be very good and manufacturing continues to surprise to the upside, which all suggests the economy has a lot of momentum right now.