Gary Thayer
Gary Thayer
close peak
I think we're close to a peak in the unemployment rate. The upswings in manufacturing and non-manufacturing show we're close to it now.
close peak
I think we're close to a peak in the unemployment rate, ... The upswings in manufacturing and non-manufacturing show we're close to it now.
congress delays economy helping longer remain
The longer Congress delays helping the economy out, the longer the economy will remain weak.
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It shows that consumers are feeling poorly about the economy, similar to what we've see in other recessions. Confidence is not as low as it was in the recessions of the early 1990s and early 1980s, but it is dropping in response to the worsening employment situation and the concern about the terrorism threat.
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Now that we're in a more open economy, and there's a lot more opportunity to get goods from overseas, if manufacturers are operating at full capacity, there's less likelihood that somebody will bid up prices at a domestic producer if they can get it somewhere else.
august drop earlier
The drop in August is just a pullback from that earlier surge in spending.
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The warm weather meant that utilities didn't have to produce the seasonal norm, which occasionally happens in the wintertime.
fed help increase replace
This may help increase the inflation-fighting credibility of the Fed before we replace the chairman.
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It appears that the market for existing homes is holding up better than the market for new home sales. We are still concerned about the housing market cooling off.
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He's basically expressing the concerns that a central banker normally expresses at this point in the economic cycle, and that is that there are reasons to be cautious, ... Trading Places .
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Fewer people are worried about jobs right now, more people think that jobs are easy to get, and I think that's supporting confidence despite the high energy prices.
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I think what he's concerned about is that the economy is on a good, healthy trajectory and if we do see some upward pressure on inflation somewhere down the road that that could cause the economy to heat up a bit.
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It looks like the economy is still quite healthy and the Fed is probably following the appropriate course. The economy doesn't need low interest rates.
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It's a good number for the economy. Labor markets are improving, and that increases the likelihood that the economy will remain strong.