Mark Vitner
Mark Vitner
increase inflation meaningful numbers pick rent
If we see an increase in rent we could really see inflation numbers pick up in a meaningful way.
expect given weakest weakness
We expect to see weakness in the PPI given the weakness in manufacturing, which is the weakest part of the economy,
congress impact pension reform wall
If we had an anti-business Congress that went after pension reform aggressively, it could have a devastating impact on Wall Street.
difficult fed follows leave meet rates strength unchanged
If this kind of strength follows through to other reports, it will become very difficult for the Fed to leave rates unchanged when they meet on Aug. 22nd,
added disconnect faith growing jobs reflects
I don't have any faith that 32,000 jobs added reflects what's going on. The growing disconnect between the surveys is too much to dismiss.
change coming latin less people
What would change this is if we were to see an unanticipated strengthening in the U.S. dollar. We'd see less people coming from Latin America.
apartment area buildings built centers country damages extended given good reach shopping tested unusually wet worse
Given that it's going to reach such an extended area and that it will be an unusually wet storm, damages are going to be a lot worse than $1 billion. So many homes, apartment buildings and shopping centers have been built in this part of the country that haven't been tested by a big storm. Now we're going to see just how good this construction has been.
economic growth income increases job tax virtually wage
We've had very little economic growth, virtually no job growth. The only way you'll get income growth is through wage increases or through tax cuts.
fed good interest nearly raising run
We've had a pretty good run here in anticipation that the Fed is nearly done raising interest rates.
serious view
We do not view this as anything more serious than a much-needed correction.
deficit domestic exports gross improvement percent quarter shave third trade virtually
Exports are off in virtually every category. I don't see much near-term improvement for the trade deficit. The trade deficit will probably shave about 0.5 percent off of third quarter Gross Domestic Product.
accounting company markets pension surprising
But pension accounting is awfully complicated and it's an awfully big company, so it's not surprising the markets would get a little spooked by it.
concern employment fed greenspan january markets spell stance
There is some concern that we could see a much more hawkish stance from the Fed and that Greenspan may spell out a little more tightening than the markets had priced after the January employment number.
account bad decisions far growth income influence news percent personal recent salary since spending tend wage wages weakness
The recent weakness in wage and salary growth is bad news for retailers, since wages and salaries, which account for more than 56 percent of personal income, tend to influence spending decisions far more than other income sources.