John Silvia
John Silvia
cities create dead living older others passed
They see these older cities that others may have passed over or thought for dead as environments where they can really create their own living space.
adjusted christmas expected faster people sales signal weaker
People have adjusted faster than we expected to the way they use credit. This could be a signal that Christmas sales may be weaker than expected.
played washington
They are all pretty well-known. They have all played in Washington circles.
dismissed months six
You could have dismissed it six months ago as a one-time hit,
economic employment growth labor recovery relationship time
This is really the first post-NAFTA, post-WTO economic recovery we've ever had in this country. Because of the globalization of the labor market, the relationship between economic growth and employment is different this time than it has been in the past.
employment evidence far gain suggest
The evidence so far would suggest we're probably going to have a below-average employment gain in this recovery.
storm
If you get a storm like this every 20 years,
employment eve markets solid
Employment markets were solid on the eve of destruction.
adjustment change consumers downward expected gasoline increase overall pace permanent saving spending view
They view the gasoline thing as temporary, and that's important because it didn't change their overall pace of spending. And that's a different kind of psychology. If it was a permanent increase in gasoline prices, then you would have expected consumers to make a more permanent adjustment downward in their spending and saving rate.
tough
I think it's way overdue for this administration to get tough on spending,
distort hazardous hiring months patterns school summer timing weather
Summer months can be particularly hazardous for forecasters, ... The timing of the end of the school year, seasonal hiring patterns and even weather can distort the monthly figure.
iraq negative positive war
In no way is that positive for the administration in the fall. We are going to be in Iraq at the same time. It's war and the (slowing) economy. That has to be negative for the administration.
below care control market price rent sort york
If you're going to set a price below market price, you're going to have to have some sort of rationing. I don't care if it's gasoline, prescription drugs or rent control in New York City.
consensus fed goes neutral position
I would say the consensus is that the Fed goes to a neutral position on inflation.