John Silvia
John Silvia
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,
forward trying
Going forward there is a sense of what are we trying to do here?
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.
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,
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.