Mark Vitner
Mark Vitner
alabama economy-and-economics paid
Alabama wanted to diversify its economy, and it paid up to do it.
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The way the Fed is supposed to influence markets is through an open market policy, but they will also use the open mouth policy,
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Normally, economists downplay periodic swings in energy prices, ... However, the most recent run-up is a source of concern because it may be raising inflation expectations. Workers do not live in a world that excludes food and energy prices. Wage demands, especially in the current tight labor market, will be based on the increase in the overall CPI.
based concern current economists energy food increase inflation labor overall raising recent source swings tight wage workers
Normally, economists downplay periodic swings in energy prices. However, the most recent run-up is a source of concern because it may be raising inflation expectations. Workers do not live in a world that excludes food and energy prices. Wage demands, especially in the current tight labor market, will be based on the increase in the overall CPI.
few jobs qualify soft
I think 78,000 is too few jobs to qualify as a soft landing.
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This is another affirmation that we've gotten over the shock of the hurricanes and the economy is back on track to where it was before.
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This is a really good story from an economic standpoint. Manufacturing is clearly gaining momentum.
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Just as when you save for kids' college, you don't want all your money in stocks two years before they start school. Now that the boomers are starting to retire, there's a lot more interest in bonds and longer-dated paper.
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The more important figure (than confidence) for the economy is what consumers actually do. Consumers are not sitting on their wallets just yet. But that is about the only bright spot in this morning's report. With consumers concerned about both their stock portfolios and employment prospects, spending will likely rise a little less rapidly this fall.
happen headed inflation
Inflation at the end of the day is headed higher, it's just not going to happen that dramatically this year.
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The 10 million jobs may be realistic, but it may not be all that different from what we would see no matter what happens. We're looking for 3 million jobs to be created in 2004. Even if Kerry is elected, he'll have no bearing on the economy until 2006.
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The Miami economy is the strongest it has been in my memory as a professional economist, which goes back 22 years. International trade is booming. Population growth is strong. And all that growth is creating tremendous demand for services.
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If we had an anti-business Congress that went after pension reform aggressively, it could have a devastating impact on Wall Street.
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The upward revision results from the slightly lower than previously estimated trade deficit. We've already seen in July data that trade deficit has worsened in the third quarter.