Ken Mayland
Ken Mayland
consumers decline indication inevitable month particular retail sales
It is inevitable that we will see a 1% or 1.5% decline in retail sales in an upcoming month as consumers become sated with new vehicles. ... This will not be an indication of any particular vulnerability.
consumer decrease fed knock prices
It's going to take more that a one-month decrease in consumer prices to knock the Fed off it rate-rise bandwagon.
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.
fed figures raising rates stay stop
Does the Fed stop raising rates after March? No. If these figures stay hot, they are going to keep raising.
announced anticipate core further incentive items liked love next softness
If you liked October, you are going to love November, ... because you can anticipate some further softness in these core items like new cars. G.M. has already announced the next incentive program.
auto department largely malls means reflecting research stores time
It's largely reflecting the time constraints on the part of shoppers. Doing all the test-driving and research at auto dealers means that they are not at malls and department stores and restaurants.
economy economy-and-economics good holy major shows spite weathered
Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth. I think what this shows is that fundamentally the economy was and is in really good shape.
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.
capacity good goods grinding increases industrial produce producing
We're grinding out some good increases here. We're producing more than we ever did and our capacity to produce industrial goods has increased.
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.