Lara Rhame
Lara Rhame
building components furniture given housing robust stronger
You had big components down that should not be down, such as appliances, furniture and building materials. These should be stronger given the robust housing market.
across auto based flat gone growth headline mainly november number positive sales seeing spending true
We had a positive headline number with November's upward revision, but we're still seeing a discouraging trend. Excluding auto sales, sales have gone from 0.8 to 0.3 to flat over October, November and December. So we're seeing growth mainly based on auto purchases. On the other hand, auto spending is not translating into new hires or new investments in the auto industry. And that's true across industries.
coming consumer employment numbers phenomenal resilience swayed
Yet again, the U.S. consumer has phenomenal resilience and is not being swayed by the employment numbers coming out.
forward global momentum
Without the U.S., there's not much forward momentum in the global economy.
bottom close domestic facing fourth gotten gross hit product quarters recession shrinking zero
We may have hit bottom here, to some extent, ... We're facing two quarters -- the fourth of 2001 and the first of 2002 -- of close to zero growth. But this may be the first recession we've gotten through without two quarters of consecutive shrinking gross domestic product (GDP).
bottom close domestic facing fourth gotten gross hit product quarters recession shrinking zero
We may have hit bottom here, to some extent. We're facing two quarters -- the fourth of 2001 and the first of 2002 -- of close to zero growth. But this may be the first recession we've gotten through without two quarters of consecutive shrinking gross domestic product (GDP).
alert conclude evidence fed seeing slow wait
We are seeing a slowdown, but we're not necessarily seeing a slow economy, ... The Fed is still going to be on alert for inflation, and we're going to have to wait and see more evidence before we can conclude that it isn't a threat.
alert conclude evidence fed seeing slow wait
We are seeing a slowdown, but we're not necessarily seeing a slow economy. The Fed is still going to be on alert for inflation, and we're going to have to wait and see more evidence before we can conclude that it isn't a threat.
asia benefit export faster growth rest seeing solid starting
We are seeing pretty solid export growth. You are starting to see the U.S. benefit from faster growth in Asia and the rest of the world.
data economic european impact large markets phase scenario solid taking traders widely
We're getting to a phase where European data could have more of an impact because a solid U.S. economic scenario is so widely expected. The markets are also very thin, so traders aren't taking on large amounts of risk.
activity continued growth job means picking stay
With M&A activity picking up, productivity growth will stay robust, and that means continued new efficiencies, and a lot of that will overshadow new job creation.
acting against broad dollar japan process seeing steady stop turning weakness
We're seeing Japan aggressively acting to keep the yen steady against the dollar and stop the process of broad dollar weakness from turning into broad yen strength.
across continue data dollar economic remains rising seen solid strong support treasury yield yields
U.S. treasury yields are rising and we've seen that support the dollar across the board. The dollar remains strong on the back of solid U.S. economic data and expectations that the 10-year yield is going to continue to go higher.
accepting buy carry changed compared dollar economy either fact fed high markets raising rates resistance rest strong stubborn
When we started the year, the markets were reticent to buy into either a strong U.S. economy or the Fed raising rates to 5 percent. What has changed is the market's very stubborn resistance to accepting the fact that the dollar has a pretty high carry compared to the rest of the world.