Mark Vitner
Mark Vitner
afford billion economy-and-economics finance matter spending trillion whether work
In the end, we can work this out. It is $200 billion in spending for a $12 trillion economy, ... It's just a matter of how we finance it, not whether or not we can afford to do it.
few jobs qualify soft
I think 78,000 is too few jobs to qualify as a soft landing.
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High gasoline prices gradually eat away at income. The effect isn't felt all at once. We have seen consumers change their behavior in recent months and there should be further changes if prices stay at these levels.
disturb hear interest rates sure
I'm not too sure we're going to hear that much that will disturb markets, but I'm sure he'll say at least something hinting that long-term interest rates are too low,
fact few growth job next pointed strong work
In the past, that (increase in work week) has pointed to fact we'll see strong job growth in next few months.
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In the '90s we had irrational exuberance. Now we have excessive caution. And that's the biggest headwind this economy is facing, ... The lack of strong employment growth is one more reason for businesses to be cautious and can be a self-fulfilling prophesy.
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I really can't recall a time in history when the Florida economy was as strong as it is today.
again business hiring lead services
Hiring in business and professional services will once again lead the way.
certainly five number prevents raise stop
Certainly they would like to stop at five (percent), and I don't think this number prevents them from doing that, but it is something that should raise some doubts.
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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If folks correctly see the economy is booming in Florida, they'll make their way down to the Sunshine State and take a job. Maybe they'll stick around a while and fix a roof while they're here.
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I don't think there's much doubt the Fed will raise rates by a quarter point each of the next three meetings. Even a really strong report probably won't cause them to raise rates by a half-point.
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I don't see any storm clouds on the economic horizon. We don't see any potential land mines or problem areas. Even an attack on the scale of 9/11 would not cause the economy to go into recession in the next two years.
damage early energy good national
It's pretty early to have a good idea of what damage there is in the region. It is the damage to the energy infrastructure that is important to the national economy.