Anthony Crescenzi
Anthony Crescenzi
bush chances confidence consumer continue counter markets might recent unless worry
Unless the Bush administration can successfully counter recent criticism, Bush and consumer confidence might continue to flounder. If so, the markets will justifiably worry about Bush's chances of re-election.
boom cars creation effects expect good held indication items job majority payroll pick report slowing spending tax
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
context higher last released
In the context of the PPI released last week, which was much higher than expected, the CPI is a big relief,
except extent
not really much of a factor, except to the extent it's delaying the impeachment proceeding.
foreigners people readily situation
Foreigners look down on the situation a lot more readily than do U.S. investors, ... people don't sense he will be removed from office.
japanese robotic statements
And it was just more robotic statements about the Japanese yen.
contained seems thoughts
It contained a lot of generalized ideas, but it seems like just his thoughts about what the G-7 should discuss.
concern dollar euro money reserves
I think it is more psychological than anything. But there is concern more money will be put in euro reserves than in dollar reserves.
general policy remains seen view
I think their general view will be more upbeat, but it remains to be seen how upbeat, because they don't want to cannibalize their main message, which is that policy will remain accommodative for a considerable period,
concern dollar euro money reserves
I think it is more psychological than anything, ... But there is concern more money will be put in euro reserves than in dollar reserves.
barrel billion change consumer economy enormous gain impact influence oil per prices year
Each one-dollar change in oil prices has a $7 billion per year impact on consumer spending. So the gain in oil prices recently, from $25 a barrel to $37, is an enormous influence on the economy -- $84 billion, in other words.
comments markets price specific worse
Greenspan's comments have been so specific to the markets and costs, ... The price index was worse than the market would have liked.
comments markets price specific worse
Greenspan's comments have been so specific to the markets and costs. The price index was worse than the market would have liked.
downside exhausted itself market
In a sense the market exhausted itself on the downside yesterday,