Charles Lieberman
Charles Lieberman
adequate economic economy evidence indicate might slowing suspect
I think there's been a slowdown in economic activity, but I don't think it's been an adequate slowdown and I suspect it might be temporary. There isn't a lot of evidence yet to indicate that the economy is slowing notably.
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.
built currently expected forward increase interest rates suspect
I suspect that interest rates must increase considerably more than is currently expected or has been built into forward markets.
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.
data recovery stage
I think we have a recovery under way, ... At this stage of the recovery, the data are often mixed.
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,
activity awful december doubt elevated housing mild start surprised winter
No doubt housing activity was elevated over the winter because of very, very mild weather. One housing start in Syracuse, N.Y., in December is an awful lot. So we shouldn't be surprised by a big fall-off.
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.
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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.
economy fed growth inflation mild pressure pressures relatively relaxed soft solid
Unemployment is sufficiently high, and the economy has just come out of a relatively mild recession, so inflation pressures are relatively soft right now. It will take a while of solid growth before we have upward pressure on inflation, so the Fed can be a little relaxed about it.