Ken Mayland
Ken Mayland
confidence energy fact heart higher housing interest market moved rates slowing worries
I think we can take heart in the fact that even with all the worries -- about energy prices, higher interest rates and a slowing housing market -- confidence moved higher.
associated below definitely good growth job number track
I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation.
north price
We are not there yet. I think anything north of 83 percent, we could see price pressures.
definitely fed funds neutral
We are definitely in the neighborhood of a neutral fed funds rate.
flat impression reading
If anything, this is a pause. My impression is that manufacturing is doing better than the flat reading suggests.
bills bleak deal disrupted fear gasoline great hand home lives pay people sad view worrying
There is a great deal of fear and uncertainty out there. On the one hand it's sad to see peoples' lives disrupted and destroyed. On the other hand, people are worrying about how they are going to pay their gasoline bills and their home heating bills this winter. It makes for a pretty bleak view of the future.
basically call calls commerce current department income ordinary past people savings whereas
What the Commerce Department calls savings is something different from what ordinary people call savings. Commerce calls savings basically current income not spent, whereas individuals call their savings really their wealth, their accumulation of all past savings.
cast cold energy notion results spending water
These results cast more cold water on the notion that if nondiscretionary spending on energy swells, it must crimp discretionary spending. It hasn't,
cast cold energy notion results spending water
These results cast more cold water on the notion that if non-discretionary spending on energy swells, it must crimp discretionary spending. It hasn't.
continue effect fears fed inflation interest members raise telling worried
Fed members are worried about inflation. To raise the fears of inflation is in effect telling us they are going to continue to raise interest rates. Probably not just once more but repeatedly.
growth rebuilding spur
There will be a lot of rebuilding that is going to need to occur. These things do spur GDP growth.
auto cannot monstrous normal sales
Auto sales at these monstrous levels, these gargantuan levels, cannot be sustained. They will come back to normal levels.
brain complete component education plan seeing
Any long-term plan without an education component isn't a complete plan. We are seeing a brain drain.
course determine employment further information needed neither nor proper report screams shouts stop
This employment report neither screams tighten further nor shouts stop here. More information from other indicators is needed to determine the proper course of policy.