Bill Cheney
Bill Cheney
expect growth healthy next percent totally
I think it's totally a blip. I expect to see pretty healthy growth in 2006. We'll be back to 4 percent next quarter.
chance good next pause perfectly
There is a perfectly good chance they will pause at the next meeting.
clear evidence next recovery though time
Even though there probably is a recovery in the pipeline, there isn't going to be any clear evidence of it by the time we get around to the next meeting.
employment next piece report
Next week's employment report will be a much more important piece of new information.
boost cuts defense growth net next percent produce rise risks spending stimulus tax
If even 5 to 6 percent GDP growth isn't enough to get any net hiring, then the risks rise that the stimulus from the tax cuts and defense spending could produce a one-time boost that will fizzle out next year.
almost early economy evidence fed finally hints inflation moving next pressures threat until
The inflation threat has receded yet again. I can't see the Fed moving now at least until early next year. They have almost no evidence of inflationary pressures and there are hints that the economy finally is slowing.
confidence consumer evidence items liable month next spending
All the evidence on consumer confidence would tell us that all spending on big-ticket items is liable to plummet in the next month or two.
chairman fed greenspan money period pumping start third toward weakness
I think we're toward the end of a period of real weakness and, by the third quarter, all the money (Fed Chairman Alan) Greenspan and the Fed have been pumping out will start to be spent.
jobs looking people worth
People are now looking for jobs because it is now worth looking.
contains dropped force given good hope jobs looking people rising signals work
Rising unemployment, ironically, contains good news. It signals people who had given up and dropped out of the work force are back looking for jobs. Clearly, they have hope there are jobs to be found.
affect amount context disappears energy happens huge interest national prices regardless sort statistics
Regardless of what happens to energy prices and interest rates, homebuilding is going to happen and that's going to affect the national statistics but not by a huge amount ... it sort of disappears in the context of the national economy.
bark concern deficits economic far near record shows simply spark threat trade worse
Record or near-record trade deficits spark howls of concern about the threat posed to the economic expansion, but like inflation, the trade deficit's bark has been far worse than its bite. April's deficit, another near record, simply shows that we are still importing like there is no tomorrow.
accounts alarming clearly data dragging percent related since total
Most of the really alarming data has related to the manufacturing sector, which clearly is slumping. But since it only accounts for about 15 percent of total employment, it isn't dragging everything else down.
actions bona confidence cut demand directly downward edge impact indirectly job lay losses newly recession spending spiral tend
Job losses cut directly into the spending of the newly unemployed, and indirectly tend to have a very real impact on the confidence of those who are still working. If demand falls, firms will lay off more employees, and the downward spiral could put us over the edge into a bona fide recession before the Fed's actions can take effect.