Anthony Chan
Anthony Chan
energy less percent produce
We produce less than 50 percent of all the energy that we consume.
headed
I think we're headed in the right direction.
higher inflation problem risks serious suggest
I think they feel the inflation risks are inching higher, but I don't think they're inching so much higher to suggest we have a serious problem at hand,
dismiss overall pervasive silly weakness
The overall weakness was so pervasive that it would be silly to completely dismiss the devastating weakness of this report.
overall progress trend
The overall trend is that we're making progress,
likely overall remain sales somewhat total
The overall total of nominal sales is likely to remain somewhat weak.
dominating gain generally headline housing industrial influenced knows namely number reports retail sales starts variable volatile wide
The outsized gain in housing starts was influenced by the same variable dominating most of the other headline stats like the retail sales and industrial production, namely weather. Everyone knows that housing starts is a volatile number that generally reports wide swings.
consumer demand downward expect faster growing higher hopeful labor linger peak percent pressure sort turn
If you have productivity growing faster than the economy, how can you expect demand for labor to be all that strong? I'm still hopeful that unemployment won't go much higher than 6.2 percent or 6.3 percent, but where we'll peak is not as important as when we turn around. If we sort of linger at 6.2 percent, that will put some downward pressure on consumer spending.
quarter
It's a wake-up call. One quarter does not make a trend, but we have to be more on our guard.
It's not all that encouraging for the Fed.
fed lets raising
It lets the Fed feel more comfortable of raising only at a measured, and not an accelerated, pace,
difficult foresee growth jobs rate
It's difficult to foresee a growth rate where we will find 320,000 jobs
apparel component continued despite drop expectation few inflation overall prices provided report rise seems surprises though
It seems as though the inflation report provided a few component surprises but no overall surprises as apparel prices continued to drop despite the expectation that they would stabilize or rise slightly.
continue fed likely raise rates year
The Fed is likely to continue to raise rates for much of the year 2005.