John Shin
John Shin
costs expecting inflation kick pressure wage
Inflation costs have been pretty moderate, but we are expecting wage pressure to kick in by the end of the year.
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.
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.
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.
cause preparing reading traders
Traders were really preparing for the worst. I think the reading is very much a cause for relief.
bears
We feel that such a possibility is still a long way off, but it is a development that bears watching.