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...
appears begun doubt factory last orders sector seen solid year
The factory sector appears to have begun the year on a solid note, no doubt bolstered by the surge in new orders seen at the end of last year.
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.
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.
bank began central changes last mantra period policy remains respond since statement unchanged
The crux of the statement was unchanged (from the last meeting). They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.
bank began central changes last mantra period policy remains respond since statement unchanged
The crux of the statement was unchanged (from the last meeting), ... They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.
basically basis driven economic oil percentage picture points prices stocks surprises whether wiggle yields
The big picture is still that 10-year yields are up 100 basis points (1 percentage point) in basically a month, so to see a 5- or 10-basis-point pullback is not a big deal. It's just a wiggle on the charts, ... You will get wiggles here and there, and whether it's driven by surprises in economic data, or in geopolitics, oil prices or stocks is anyone's guess.
consumer looks picture
The big picture for the consumer still looks good.
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The best way to summarize the message is
backup funds market means rate reflect surprised yields
Not only will the market be surprised if we get to a 4.25 funds rate at the end of year, but 4.25 is by no means going to be the end. You're going to see a significant backup in yields to reflect that.
beyond course data doubts fed monetary neutral rates somewhat supports totally view
The Fed will have to take rates beyond neutral to a somewhat restrictive pace. Today's data totally supports that view of the world and should...eliminate any doubts about the near-term course of monetary policy.
fed full labor market moving pace wage
The Fed can not be comfortable with the pace at which the labor market is moving to/through full employment. Let the wage acceleration begin!
attitudes beginning catch consumer missed watch
The consumer never really missed a beat, and now attitudes are beginning to catch up to reality. Once again, watch what they do, not what they say.
consumer job market quite
The consumer is doing quite well. The job market is doing quite well.
against bump certainly levels quite seen time
It's certainly an interesting time as we bump up against levels we haven't seen in quite some time.