David Blitzer
David Blitzer
fairly narrow worry
I think it's a fairly narrow change. I don't think it's anything to worry about.
chose exception generally japan markets obviously periods stock wrong
Over long periods of time, stock markets generally go up. Japan was obviously an exception if you chose the wrong 12 years.
definitely economy feeling few general good last weeks
The general good feeling about the economy of the last few weeks is definitely still here.
company competition fact folks home less markets protective provides role surviving truth
There is truth to the fact that competition and markets are more global, especially in the U.S., where being protective of the home company is a little less fashionable than it was 10 or 15 years ago. Merging provides a role for these folks and makes them a surviving entity.
points
there's nothing here that really points to any near-term inflationary dangers.
bad fuel notices trouble
Also, they're in such bad trouble, who notices the fuel costs?
absolutely asian early economy hit impact late spring
The economy right now is absolutely fantastic, but I think the Asian impact is still to come. The big hit is probably to come in late spring or early summer.
cut fed half market positive quarter realm stock within yawn
The stock market reaction, if they cut a quarter point, probably will be as much a yawn as anything else. If the Fed would go for half a point, which is within the realm of possibility, I think it would get a positive reaction.
asset biggest concerns extremely home housing increased information largest majority period possible prices reliable rising valuable vast
For the vast majority of Americans, their home is their largest and most valuable asset, and in a period of rising housing prices and increased concerns about a possible housing bubble, reliable information on their biggest asset is extremely important.
agreement calculate corporate earnings everybody instead people problem three virtually
The problem is that instead of having one way to calculate corporate earnings that everybody understands, we have two or three methods. And the one that most people use, there is virtually no agreement at all about what it means.
call collapse commodity companies competitor deal involved sector seen virtually whether
Whether you call it consolidation, rationalization or getting your competitor to go out of business, it's a way for these companies to effectively deal with the collapse of commodity prices. In virtually every sector involved in something that comes out of the ground, we've seen consolidation.
hit knew last late low number oil time
This was one time hit from oil prices, ... We knew oil had to go up from an unsustainably low number late last year.
hit knew last late low number oil time
This was one time hit from oil prices. We knew oil had to go up from an unsustainably low number late last year.
host inflation reports seen vanished
We've seen in a whole host of reports ... inflation has essentially vanished from this economy.