Alan Levenson
Alan Levenson
cycles danger economy late quite
I don't think we're in danger of going back to the kind of cycles of the '70s or the late '80s. I think the economy is still quite flexible.
aggregate attention bounce declined either fact february feeling hours july next pay policy since
As a policy maker, I'm only going to pay attention to the workweek if I think it's a trend. But the fact is that since July of 2004, we've been at either 33.7 or 33.8 hours on the aggregate workweek. My feeling is that the workweek declined in February in part because of a decline in construction but that in general, it's probably going to bounce back to 33.8 next month.
markets message neutral seeing send sent surprised
I think they have sent a message that I'm surprised that they wanted to send to the market. I think the markets are seeing the neutral directive and they are saying, 'Well, they're done,' which I think is wrong.
gap looking trade
I think we are looking for the trade gap to stabilize, not to decline.
additional aggressive economy likely lines losing optimistic propose resistant stimulus suppose
O'Neill has been more optimistic about the economy and resistant to additional stimulus, so I suppose one could read between lines that he was losing that battle, and the administration is more likely to propose aggressive stimulus now.
home overall
The overall affordability of a home is still ample,