Carl Tannenbaum
Carl Tannenbaum
adds available efficiency growing higher labor level pool pressure worker
The pool of available labor is diminishing and worker efficiency is growing more slowly. This adds up to a higher level of pressure on wages, and, by inference, on inflation.
confident dark images survey taken type week
The survey was taken in a dark week immediately after Katrina. The images (in the media) were of the type that don't makes us confident about anything.
chairman early remain showing step
The new chairman, undoubtedly, is going to be someone that the administration is comfortable with, but I think the new chairman should take the step early on of showing that they are going to remain independent-minded.
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.
economy risk
If anything, we may be at risk for underestimating how well the economy will do this year.
fiscal inflation negative news rate rates remain trade
After all the negative news about our trade position, our fiscal problems, our currency, our inflation rate and the Fed's credit-tightening program, long-term rates remain very, very low.
economists figure puzzle surprise
It's a big surprise and another puzzle for economists to try to figure out.
begin bit both economy fed higher influence market performed rates surprised
It has surprised all of us that the economy has performed so strongly, but we think that the accumulated influence of higher rates both in the market and by the Fed will begin to take a little bit of starch out of the economy.
aside businesses cautious companies damage economy hiring might operate operations resulted state suspense
Hiring was cautious in October. Aside from companies not being able to operate because of the hurricanes, many businesses might have been in a state of suspense as they assessed damage to their operations and to the economy that might have resulted from these storms.
based certainly fed thinking
In the thinking of most analysts, based on the fundamentals, there certainly is enough out there that the Fed should keep going, at least at this meeting.
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We seem to be continuing to defy these natural limits of the economic cycle and we should be able to push forward at a decent pace in the second half without risking inflation,
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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,
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We're nowhere near the same economy as we were in the 1970s. We're more service-based. We're much more energy efficient.
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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.