John Silvia
John Silvia
line sales
On balance, I think it's the latter. In most businesses, inventories are in line with sales expectations.
fed giving labor market means next reason several sit slack tight
That means there is even more slack in the labor market than we had previously thought, giving the Fed even more reason to sit tight for the next several months.
centered continue largely recession signs strongest
The recession was largely centered in the manufacturing sector, and that is where we continue to see the strongest signs of recovery.
economy fit jobs labor market mold
Today's labor market does not fit the mold of the old models. The economy has recovered, and many of the old jobs are gone.
answer capital kick question spending
The question is often asked: When will capital spending kick in? I answer that it already has.
drag economic expecting flat fourth growth housing quarter second third
We're expecting housing to be flat in the second quarter and a drag on economic growth in the third quarter and fourth quarter.
degrees pain
There are varying degrees of pain, but I don't think there are going to be many sectors that are not going to be impacted,
consumer definitely employment expect figure filing financing gains half income offset season second slow spending tax wage
We definitely have to figure that once tax filing season is done and tax refunds are cashed, we do expect consumer spending will slow down in the second half of this year, ... I don't see any way to fudge that (higher financing costs). You're not getting the employment gains or wage and income gains to offset that.
accounting both consumer due fourth growth katrina outlook quarter slow slower third
The outlook accounting for Katrina suggests growth will slow in both the third and fourth quarter due to slower consumer spending.
experience reality
The reality is someone new is going to have to take over the job, and that new person is never going to have as much experience as Greenspan,