Kevin Logan
Kevin Logan
consumers general grow guide level reliable shows slower spending though
This shows the general level of apprehension gripping consumers now. Though it's not a reliable guide to what consumers will do, it does hint that spending will grow at a slower pace.
growth
The real story here is the (slower) growth of consumption in the quarter.
changed current eventually impact lead people price seems
This seems to have more impact on people's expectations than current conditions. What changed was the price of gasoline, and people know that that can eventually lead to some kind of slowdown.
change data hike next rate week
We have the FOMC next week where a rate hike is a foregone conclusion. Today's data didn't change that,
benefit list listed needed reason soon
The only reason we wouldn't be able to make it (to the benefit concert) is if Pete got listed and we needed to leave. As soon as they list him then we need to get him down immediately.
although bit likely pace slow
What it suggests is that the pace of growth, although pretty robust, is likely to slow a bit going forward.
annual consumer estimate grew percent possibly retail sales seven spending
Seven percent is not an unreasonable estimate for GDP growth. Retail sales were strong, especially with the revisions. Consumer spending possibly grew 12 percent at an annual rate. That's really charging right along.
annual consumer estimate grew percent possibly retail sales seven spending
Seven percent is not an unreasonable estimate for GDP growth, ... Retail sales were strong, especially with the revisions. Consumer spending possibly grew 12 percent at an annual rate. That's really charging right along.
additional change dividends income patterns people save small spending stimulus
The stimulus to spending will probably be small because a lot of people that get dividends are already well-off, and any additional retained income they'll have may not change their spending patterns much -- they may just save more.
due energy higher increase played prices role
Prices played a big role here. A lot of the increase was due to higher energy prices, particularly for oil.
damaging decided events global intense lowest market might military nearly people pricing prior stock
Prior to the war, the stock market was at its lowest because people were pricing in a more intense military conflict, which hasn't happened, ... The market has decided that these events weren't nearly as damaging as they might have been to the global economy.
booming numbers
You can't look at these numbers and say things are going to be booming going forward.
bit fed relief
There's a little bit of relief that the Fed wasn't more aggressive.
beginning date far housing indication market sales situation
So this is more up to date as far as the situation in the housing market is concerned. It is a better indication that housing sales are beginning to slow.