Lara Rhame
Lara Rhame
building case consumer finally growth income seen slow slowing spending strong
The consumer is finally winding down. We've seen income growth slow somewhat, and we have enough headwinds building that we can make a strong case for spending slowing markedly.
building case consumer finally growth income seen slow slowing spending strong
The consumer is finally winding down, ... We've seen income growth slow somewhat, and we have enough headwinds building that we can make a strong case for spending slowing markedly.
becomes dependent driver economy gets housing key sector slowing vulnerable
As the economy gets more and more dependent on housing being the key driver of growth, the economy becomes more and more vulnerable to that sector slowing down.
consumer factors fourth growth lifted looked mean months pace quarter six slower spending third weak
The confluence of factors that so lifted consumer spending in the third quarter is dissipating. Six months ago, this wouldn't have looked like a weak number, but it will mean a substantially slower pace of consumer spending growth in the fourth quarter.
add bottom closely companies line means number prices shows slow sluggish time
Every time you see a number that shows prices decelerating, immediately you have to think of sluggish re-hiring, ... It means companies will still be closely guarding the bottom line and will be slow to add to labor.
job
I think they'll need to see a lot of job growth, not just one month.
causing excited markets near
In the near term, markets are getting very excited about the idea of the end of quantitative easing, and that's causing the yen to come under some upward pressure.
bin dollar economy falling fits led risk tape view
The bin Laden tape has led to some dollar selling. The tape fits with the view of those who think the U.S. economy is at risk of falling into a sinkhole.
connection durable economic economy goods heavy industry layoffs machinery overall segments
If you look at the segments of the economy where we do have deflation, particularly in the goods industry -- and particularly in durable goods, such as automobiles and heavy machinery -- that's where most of the layoffs have been concentrated, ... That's where you see the connection of disinflation to overall economic growth.
economy further recovery state stimulus underlying weak
The underlying state of the economy is on weak footing, and we're going to need further stimulus to keep the recovery on track.
dramatic euro far line move recent tendency
The euro can go pretty far -- when currencies correct, they have a tendency to do that. But I don't see the recent move as dramatic or unexpected, and I don't think it's out of line with fundamentals.
guts statement
It's the same meat, but with a different gravy, ... The real guts of the Fed's statement is very much unchanged.
grit wheels
There is substantial post-bubble grit in the wheels right now.
among consumers personally shut view
I personally am among those with the view that we actually are going to see consumers shut down.