Joshua Feinman
Joshua Feinman
Joshua "Josh" Feinmanis an American film and television actor with appearances in Men of Honor, Transformers, and Mr. Woodcock...
along bit continued early economy ended further gulf happen persian process similar though took war work
It's a little bit analogous to the early 1990s, in that, when the Persian Gulf War ended then, the economy did not come storming back -- it took a while because it continued to work off its problems. Something similar could happen this time, though the economy is a little further along now in its process of unwinding than it was then.
below labor market row three weeks
I think it's encouraging that three weeks in a row we've been below 400,000. I think it suggests the labor market may be strengthening a little bit.
accounts meaningful sector swings
It's still meaningful -- it's a sector that accounts for a lot of swings in activity.
labor market numbers rate worse
These numbers were worse than expected. But overall, the labor market is still deteriorating, but not at the rate it was after Sept. 11.
attuned cost profits side trouble wages
Did firms have trouble making profits back in the 1950s and 1960s? ... No -- they were used to a low-inflation environment, and the cost side was used to that, and workers' expectations about wages were more attuned to that.
convey economy less looking message moving notion rates time
They will convey more or less the same message -- that the economy is looking better, but nothing that would convey the notion that they're going to be moving rates any time soon.
anticipate hard numbers payroll point simply strength stronger suggesting whether
Some of the other indicators are suggesting more strength than we see in payrolls. Whether that will be rectified with revisions, or simply with stronger numbers going forward, it's hard to say -- but I would anticipate that, at some point the payroll numbers, will be stronger.
economy katrina raise sound storm
Before the storm struck, (the Fed) thought the economy was on sound footing, ... I don't think that's changed. The only thing Katrina may have done is raise some uncertainty about the near-term outlook.
highest possible pricing rates
If firms need pricing power, they should be clamoring for the highest possible rates of inflation. Firms don't have pricing power, but they can still make money, and a lot of it.
fiscal hesitant likely push
The administration is likely to push for more fiscal stimulus, and this makes it a little more clear-cut, because O'Neill had been hesitant about that.
adding basis businesses fall forming inventory last looks pace rate reduction rise starting weakness
Businesses were liquidating inventory last fall at a frenetic pace and adding to weakness in the economy's production. It looks like the rate of inventory liquidation is starting to slow, and a basis is forming from that reduction for a rise in the economy.
capital companies future hiring including investment outlook pace pick reasons sure variety
Companies have the wherewithal to pick up the pace of hiring and capital investment again, but I'm not sure they have the desire, for a variety of reasons -- including their outlook on future demand.
few hard labor market mind readings slowing sort suggest time weekly weeks year
We need to keep in mind that this is the time of year when weekly fluctuations can be hard to seasonally adjust. We may need a few more weeks to sort it out. Overall, the readings we've been getting suggest the deterioration in the labor market is slowing down.
average best clearer few gives past report resist temptation waiting weight
We've been waiting for something like this for a long time. But we need to resist the temptation to put too much weight on any one month's report -- probably the best thing to do is to average out the past few months; that gives a clearer picture.