David Resler
David Resler
additional contrary inflation policy threat
This is not a policy of indifference. This is a policy of additional restraint. Contrary to what they say, they think the inflation threat is graver than the threat to growth.
cooling early fewer loans people qualify sales signs
It's the early signs of some cooling in this super-heated market. Fewer people qualify for loans and sales at these prices.
behavior consumer fed focused light scrutiny stock
The Fed is without question, especially in light of the behavior of the stock market, focused with laser-like scrutiny on consumer confidence.
convince month
It's going to take a lot more than one month to convince me we are in a worrisome trend.
deal great last momentum month quarter tells
The last month of the quarter tells you a great deal about how much momentum there was in spending, and it doesn't look to me like there was that much.
although consistent economy facing growing healthy high higher majority managers purchasing reading seem signs vast
A reading as high as 58.5 is consistent with an economy that is growing at a healthy pace. We see encouraging signs of moderating prices, although the vast majority of purchasing managers seem to be facing higher prices.
certainly conditions decline drop economic employment february grave next overall report rough
Economic conditions look pretty grave right now. Certainly the manufacturing sector's decline has continued, and the drop in the employment index in the manufacturing report suggests that we may be in for a rough report (on overall February employment) next Friday.
changes economic given happens offset price random tend trends variations
This is the kind of thing that happens with economic data. In any given month, you have random variations in price trends Those random changes tend to offset each other.
agenda becoming chairman data fed open terms
All of this, in terms of the FOMC becoming data dependent, comes as no surprise, and the new Fed chairman has an open agenda from which to work.
bad factors increase job past picture special
The job picture is as bad as it's been in the past 18 months. I don't think we can find enough special qualifying factors to give us an increase in payrolls.
additional bond capacity fed gets market minds nearer noticing rate rising
The bond market is noticing that the capacity usage rate is rising with this additional production, and to some people's minds that gets us nearer to the day of Fed tightening.
driving habits impact lasting notion seen
There is the pessimistic notion that this is not going to go away and that's going to have a more lasting impact on driving habits and behavior, I suspect, than we've seen so far.
fed hold information mean move rate
The Fed is on hold indefinitely. It doesn't mean they won't make another move this year, but there is too little information to make another rate move in September.
across anecdotal array economic evidence factual hit reports seem since telling wall wide
Since the end of January, things seem to have hit a wall across a wide array of economic indicators. This confirms what all that anecdotal evidence and factual reports have been telling us.