Gary Thayer
Gary Thayer
disagree particular
I wouldn't disagree with some of the things he said, but I don't know why he said those particular things at this time.
average employment figures gm good growth last moderate news strike
I think it's good news for the economy. When you take away the GM strike and average last month's figures with this month's, you see employment growth at moderate levels, which is good for sustainable growth.
consumers current feeling looks news
It looks like consumers are feeling at least better about the current situation. But I still think there is a lot of uncertainty about the future. The geopolitical news is not very comforting.
conditions confidence economic employment energy lower prices sign
The upturn in confidence is an encouraging sign that economic conditions are stabilizing after the hurricanes. Lower energy prices are helping, but the upturn in employment is also a plus.
consumer despite energy holding market prices rising spending
Energy prices are dropping, and consumer spending is holding up despite rising unemployment . These are encouraging things the market is recognizing.
concerned dollar factor firm foreign good hold investors line money policies stay time wanting
He's mentioning that the dollar should stay firm and that's been a good factor for our economy. He's been concerned for some time about foreign investors wanting to keep their money here and if we keep our policies in line that should hold for a while.
consumers employment happening negative possibly situation taking
It is encouraging that consumers are taking the negative things that are happening recently. Possibly the employment situation is outweighing other concerns.
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It's a good decline in prices for a change. It appears the big drop in energy prices during November has brought the overall inflation rate down considerably.
concerned falter fed great greenspan heard last later might numbers retail sales upset week worried
If we hadn't heard from Greenspan last week that the Fed is still worried about an uneven recovery, we might be more upset about these numbers. But Greenspan is concerned that these retail sales numbers could falter later on so these numbers probably won't have that great an impact.
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The lower-than-expected number of new jobless claims shows that the labor market is continuing to improve. It suggests that the economy is strong and that companies are feeling more comfortable about hanging on to workers.
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It speeds up the time that the Fed will probably think about raising rates and that's negative for fixed-income.
claims drop economy good heading job labor market momentum recovered shows strength year
The jobless claims drop shows good strength in the labor market at the end of the year. It shows that the economy has recovered after the hurricanes and is heading into the new year with good momentum and good job prospects.
consumers convinced economy fact improved reflecting
It's not a big drop. It's reflecting the fact that the economy has improved this year, but not enough that consumers are convinced things are sufficiently better.
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The bond market liked the inflation data. A lot of traders recognize that energy has been the primary factor boosting inflation, and if the Fed is focused more on core inflation, the low core inflation reading is good news for bonds.