John Lonski
John Lonski
energy holiday mediocre prices season shopping unless
Unless energy prices ease, the holiday shopping season will probably be mediocre at best.
above annual break climb continue convinced core fact leaves oil rate remaining verge
The fact that oil is remaining above $40 leaves me all the more convinced that core CPI will continue to climb higher, that we're on the verge of having the annual rate break above 2 percent.
eventually expect fed hit less move neutral note percent start yield
The Fed will eventually move to a neutral stance, and I don't think we're there yet. When we start to see payrolls of 200,000 a month, I expect the yield on the 10-year note will hit 4.5 percent and the Fed will become less patient.
economy
The economy is doing better, but where is profitability?
brakes consumer dangerous debt mix quickly
What we have here is a dangerous mix of fast-growing debt and fast-rising unemployment that could quickly put the brakes on consumer spending.