John Shin
John Shin
argue bubble california difficult level national reduction since
It is difficult to argue that there is a bubble on a national level since it more of a coastal story, such as California and Florida. There has also been a reduction in speculative buying.
below change claims expectation fell though
This doesn't do anything to change the expectation for payrolls tomorrow, even though it is eye-catching that claims fell below 300,000.
consumer continuing details drive expecting fairly growth positive robust
When you look at the details on the positive revision, it's a fairly robust figure. The consumer is continuing to drive a lot of the growth that we're expecting in the first quarter.
bears
We feel that such a possibility is still a long way off, but it is a development that bears watching.