Gary Thayer
Gary Thayer
appears bit consumers energy improvement longer october prices rebuilding
We were anticipating that we could see a little bit of an improvement in October because the rebuilding after the hurricanes appears to have started and energy prices have stabilized, but it appears that it will take a little longer for consumers to feel better about things.
annual building instead percent personal possibly price rate revised
The personal consumption expenditure (PCE) price deflator was revised from 0.7 percent annual rate to 1.0. That's still very low, but it was revised upward instead of downward. There is possibly some building inflationary pressure, but it's still very benign.
capital compared decline improve last months orders past positive relative rising seven sign
We've seen, over the past seven months or so, orders stabilize or improve slightly, compared to a big decline last year. Orders are rising relative to inventories, and that's a positive sign for capital spending.
good job positive seeing shows strong
We're still seeing a strong economy, ... shows that we still have very good job creation. I think it's very encouraging and a positive thing for American business.
cooling dropping help homes housing inventory market sales support sustained
If sales can be sustained at this level, that would help support housing construction, but inventory of new homes is still increasing. The housing market is cooling off, but not dropping sharply.
adjusting continue environment seen worst
It suggests our manufacturers are adjusting to a new environment and will continue to grow, ... I think we have (already) seen the worst for manufacturing.
banks central expected extra financial help hopefully markets people recognize restore shows sort
It shows the world central banks recognize the financial markets could use a little extra liquidity and support, ... Hopefully it will help restore confidence. A lot of people expected we would see some sort of coordinated effort.
cooling data gradually home homes housing increases market moderate october price sales seeing suggesting
The October home sales data were strong, but we are seeing more moderate price increases for new homes suggesting that the housing market is gradually cooling off.
companies cutting hear minds period weak weighs
We're still in a seasonally weak period of year, where companies are trimming workforces. It weighs on people's minds when they hear about companies cutting back.