David Resler
David Resler
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.
bad lasts money people supply
Nevertheless, money supply contractions are often harbingers of bad times ahead, and if this lasts much longer, people will get more concerned.
increase
One of these days, we're going to see an increase in non-farm payrolls for the manufacturing sector.
benefits costs increase pressure sign wage
The smaller-than-expected increase in benefits is a sign of things to come. We're not going to see much pressure on wage costs in the foreseeable future.
income numbers people planning
People are still planning to spend, and today's income numbers tell us that they have the wherewithal to do so.
attitudes commit concerned consumer fact future income louder people seem speaks unwilling
People don't seem to be so concerned that they're unwilling to commit future income to such purchases. The fact that people are willing to do that speaks much louder about consumer attitudes than what they tell some survey.
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.
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.
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.
above claims continue hovering labor market slightly steady
Claims continue hovering slightly above the 300,000 mark, implying strong, steady labor market conditions.
anxiety balance capital given global individual integrated liquid mean nature trade
In today's integrated global economy, given the liquid nature of capital flows, an individual trade balance doesn't mean so much. A lot of the anxiety is overblown.
few money moved past price stock supply weakness
In the past few years, money supply has moved inversely with stock price movements, and that's probably where the weakness has come from.
generally housing november pace sales speaking wonder
Generally speaking the November sales pace makes one wonder what is going on with housing starts.
apart broad categories changed concern few inflation needs prices
I don't think there needs to be much concern about inflation right now. Apart from energy, very few of the broad categories of prices have changed much in their direction.