Dana Johnson
Dana Johnson
Dana Johnsonis an American writer and Associate Professor at the University of Southern California. Honors include the Flannery O'Connor Award for Short Fiction, and being named a nominee for the Hurston/Wright Legacy Award. Her writing has appeared in Callaloo, The Iowa Review, and elsewhere...
bouncing clear economy nicely related
We did have a stumble. It was related a lot to the hurricanes, and it's very clear that the economy is bouncing back nicely in the first quarter.
activity auto clear develop economy encouraged energy given healthier june level local looks past prices prospect punishing rebound slow summer
I was really encouraged to see the rebound in activity in June and July. The local economy looks much healthier this summer than it did this past spring. However, a clear up-trend is not yet in place and probably will be slow to develop given the punishing level of energy prices and the prospect of more consolidation in the auto industry.
broaden concern fed hemisphere interest lower motivating rates risk shift trade western
I think the concern that was motivating the Fed (to lower interest rates ) is that it's going to shift to more Western hemisphere trade partners. I think the risk is it's going to broaden and deepen.
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It had little trains and teddy bears on it, ... It was cute.
fed knowing
Knowing what I know right now, I think the Fed will probably tighten again,
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People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.
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These are job cuts, but they're happening in a rather humane way compared to what could have occurred. They were going to happen anyway. Now those people have more of a cushion with which to make adjustments in their lives.
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I think it's important to recognize that inflation is where the Fed wants (it) to be. They don't want to overshoot. I think they will pause real soon.
campus climate
Campus climate is getting better, but it can always be improved,
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The Fed is more willing to balance risks in favor of growth than it was two years ago. They really don't want to be accused of anti-growth. They want to be seen as anti-inflation, and I don't think in that light they wanted to be seen as moving ahead of inflation reports that have not shown any acceleration.
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A reasonable estimate is that an infant loses 1-2 IQ points per month and sustains predictable losses in growth as well as motor and language development between 4 and 24 months of age while living in an institutional environment.
income loss people seeing spending wherever
Everybody's seeing the loss of the income and people are spending cautiously wherever they can.
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So far, I am encouraged to see how well the regional economy has weathered the job and income losses centered in the auto manufacturing sector. Mild winter weather and the Super Bowl no doubt helped to support the economy early in 2006. As those effects fade, I would expect to see some fall off in activity over the next several months.
labor looking strong
They're a little disappointing if you're looking for a strong labor market, but nothing dramatic.