Carl Tannenbaum
Carl Tannenbaum
consumers eight housing include inflation initial list next period ring risky six victims
If they have to ring some inflation out of the system, the initial list of victims has to include housing markets. You have a risky period for consumers for the next six to eight months.
act available bite consumer energy money smaller spend taking tax
Energy costs, which act as a tax on consumer budgets, are taking a smaller bite out of consumer pocketbooks. There is, therefore, more money available to spend on other (non-energy) things.
consumers financial pay positive statement willing
Even with zero-percent financing, monthly payments for SUVs are still high, ... Consumers being willing to pay that much makes a positive statement about their sense of financial well-being.
challenged coming consumers energy environment higher interest rates
This is coming in an environment where consumers are being challenged by higher interest rates and energy prices.
auto change changes contribute economic growth headline sales share small
While auto sales make up a small share of GDP, they make up a big share of the change in GDP, ... As you see changes in the auto industry, it will contribute to headline economic growth numbers.
detroit economy gulf outside region signs
Outside of Detroit -- and outside of the gulf region -- there are signs that the economy is still doing very well.
morning news smiles tomorrow
Unfortunately, I don't think the news tomorrow morning will put smiles on any faces.
expansion fact finally growth kick opposite prices rapid six trained
We're trained to think that rapid growth after six years of expansion is finally going to kick prices up a little bit, but in fact they're going in the opposite direction,
achieve alan bubble bursting crash economic great greenspan including market might september stock terror valuable wars
We've been able to achieve great things amid great challenges- including the stock market crash of 1987, the bursting of the stock bubble in 2000, two wars and the September 11, 2001, terror attacks. Alan Greenspan might be thought of as our most valuable economic player.
economy risk
If anything, we may be at risk for underestimating how well the economy will do this year.
economy economy-and-economics energy near nowhere
We're nowhere near the same economy as we were in the 1970s. We're more service-based. We're much more energy efficient.
auto companies given industry looking might period themselves
We've given the auto industry steroids, and we might be looking at a period of withdrawal as auto companies wean themselves from these stimulants,
bit gotten maybe people property sticker
Frankly, I think that's healthy. Property has gotten so expensive, maybe people are getting a little bit of sticker shock.
certainty mystery
There is short-term certainty and medium-term mystery for the Fed.