Brian Bethune
Brian Bethune
business certainly consumer drivers four growth investment last principal
Business investment is going to be one of the principal drivers of growth in 2006. The consumer will still be there ... (but) certainly won't be as ebullient as the last four years.
combined confidence consumer employment further gains levels overall quarter setting solid stage
Further gains in employment combined with better levels for consumer confidence overall are setting the stage for very solid consumption gains in the first quarter of 2006.
confidence consumer continue employment expected gains grow growth household income market rates stock support sustain
Gains in employment and the stock market continue to support confidence. Household income is expected to grow at rates that will sustain growth in consumer spending.
auctions debt demand needs satisfy side supply unusual
New auctions will satisfy an unusual coincidence of needs on the supply and demand side of the fixed-income debt markets.
impressive industries kicked quarter second services
Services industries kicked off the second quarter with very impressive momentum.
fed quite response robotic start sudden
The Fed has been kind of on autopilot here for quite a while, ... Now all of a sudden they're going to have to start doing some work. I don't think a robotic response is appropriate here.
europe gaining growth japan provide
Recoveries in Europe and Japan are gaining momentum. This should provide the underpinnings for respectable growth in exports.
economy economy-and-economics terms
The economy is doing pretty well now in terms of momentum.
gust wind
That was a gust of wind in the spinnaker.
baked excellent picking quarter sector service
The service sector is picking up some momentum. An excellent quarter is just baked in the cake.
baked coming early excellent momentum quarter
There's so much momentum coming early into this quarter that an excellent quarter is just baked in the cake.
borrowing demand driven early expectation higher housing interest line towards translate ultimately
This is in line with our expectation that demand for new housing would 'cool off' towards the end of 2005 and in early 2006 as higher short-term interest rates, driven by the Fed, would ultimately translate into higher long-term borrowing rates.
picking sector service
The service sector is picking up some momentum.
bump intense pressure prices temporary
Pressure to bump prices up, or levy temporary freight surcharges, will become more intense in September,