Charles Lieberman
Charles Lieberman
clearly convenient economy growing meet needs stock stop strong suit
This is a very strong report. The economy clearly is growing too strong and it's not going to stop on a dime, which is not very convenient to suit the Fed's needs and to meet the stock market's needs.
clearly convenient economy growing meet needs stock stop strong suit
This is a very strong report, ... The economy clearly is growing too strong and it's not going to stop on a dime, which is not very convenient to suit the Fed's needs and to meet the stock market's needs.
gains higher numbers offset wage
As long as the productivity numbers are very good, the higher wage gains can be offset by higher productivity gains,
carefully data inventory investors market morning oil report second taking worried
Investors worried this morning when the oil inventory report was released, but the market is taking a second look and interpreting the data more carefully now.
appear armed companies fatter goods inevitable items obvious people prices produce spending
Inflation, on the surface, does not appear to be a concern, but it's obvious that prices for some items are rising, ... It's inevitable that when people are armed with fatter paychecks and when companies are spending more to produce goods and services, prices are going to rise.
absolutely believe change inflation near number reason soft time
Inflation has been very soft for a number of years, and there's absolutely no reason to believe that's going to change any time in the near future.
consumer economic overall spending terms trend underlying
But I think the underlying trend in terms of consumer spending and overall economic spending is actually up.
carrying good inventory less means process production
That's actually good news. It means we're carrying less inventory and the production process is adjusting.
curve economic economy given growth notion simplistic slow yield
There is this simplistic notion around that because the yield curve is inverted, therefore, economic growth is going to slow down, but ... no consideration is given as to why the economy would slow down.
costs inverse relation rise tend wage
As productivity slows, wage costs tend to rise -- one has an inverse relation to the other.
economy equity fed fighting hike market people rates recognize
The economy is doing a lot better than people recognize and therefore, the Fed may have to hike rates more than they expect. The equity market is fighting the Fed.
above economy erosion evident growing level low rate trend
The economy is still growing above trend as evident by erosion of the unemployment rate and the low level of unemployment claims.
concerned consumers curtail falling fed hurt market miss small stock troubled
The Fed is not going to be troubled by a small miss (in the CPI). I don't think it's that big an issue, ... They're concerned that a falling stock market could hurt consumers sufficiently to curtail spending. That could be a problem.