Christopher Low
Christopher Low
ongoing scary
You can see this clear, ongoing deterioration. And what's scary about this is it's still accelerating,
expect fed funds hike percent statement today
Like everyone else, we expect a quarter-point hike in fed funds today to 4.75 percent -- we also expect the statement to be softened.
consumer economists revise slightly spending weaker
It is going to make economists slightly revise down first-quarter GDP, which they already did with the weaker consumer spending number.
curve powerful shape yield
The yield curve is a really powerful indicator. It always has been. The shape of the curve still matters.
hopefully lose
In today's market, everyone is a Fed-watcher. Hopefully we will not lose any transparency and will lose some of the volatility.
anecdotal evidence national none numbers plenty regional shown
It's a big surprise. There has been plenty of anecdotal evidence of regional weakness, but none of the national numbers have shown weakness.
abysmal consumer deeply half suggesting
These are abysmal numbers, suggesting a deeply pessimistic consumer in the first half of September.
testimony tone took weeks
It's the same tone that he took in his testimony two weeks ago.
cities city empty entire huge impact looks maybe prices several severe smaller sustained talking weeks
We're talking about an entire huge city and several smaller surrounding cities that will be empty for some time. It looks like we are going to have sustained prices for at least some weeks and maybe even months, and if that happens, I think that will have a pretty severe impact on the economy.