Joel Naroff
Joel Naroff
apparel general huge increases people stores
The huge increases at apparel and general merchandise stores are eye-opening. You would think people had nothing to do but get to the malls.
becoming economy
The economy is becoming a well oiled machine.
buying decline demand forget june level market mortgage people rates showing sign wonder
Forget the decline from the June pace. What is important is the level of activity, and that is extraordinarily high, ... This market is showing no sign of weakness. With mortgage rates so low, it is no wonder that people are still out there buying homes. And with demand strong, construction is not going to fail.
extra fed insurance june looks report wants
The Fed wants to see results, and this report didn't give it to them, ... It looks right now as if the Fed will take out some extra insurance on June 25.
against bid businesses capacity choice creeping inflation pressures running
Businesses are running up against capacity constraints and have no choice but to hire, and that may bid up wages. Productivity is decelerating and inflation pressures keep creeping up.
amount concern economy fed force indicate large likely maintained momentum numbers obviously
The numbers we're getting all indicate that the economy has maintained a large amount of momentum and that's obviously a concern to the Fed and will likely force their hand.