Mark Vitner
Mark Vitner
assets boomer companies demand enormous funds insurance match pension
There's just such an enormous demand from pension funds and insurance companies to match their assets with the liabilities of the boomer generation.
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Lots of the activity that had been taking place in New Orleans is now taking place in Houston or Dallas or Atlanta, Birmingham or Baton Rouge,
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The economy should bounce back solidly in the first quarter.
august due numbers rest solid spending
I think spending will be pretty solid the rest of the year. The August numbers will be important due to back-to-school sales.
below carolina familiar finish hang likely mean near north percent position rate somewhere year
The unemployment rate is likely to hang around 4.5 percent and finish the year somewhere near 4 percent. That would mean that North Carolina would be back in the familiar position of having an unemployment rate below that of the nation.
core economy inflation peaked rate
The economy may stagnate but it's not going to inflate. The core rate of inflation probably peaked in March.
august basis beyond both cut fed october points rates
The Fed will probably cut rates in both August and October by 25 basis points (a quarter-percentage point) each. We really don't know what they will do beyond that.
build win
This is a real win for the state, one we could build on.
acceptable businesses consumer cooling curb economic falling growth months orders production reason recent risen spending
The No. 1 reason new orders and production are falling is that inventories have risen in recent months as consumer spending has slowed, ... Such a buildup was acceptable when economic growth was accelerating. Now that growth is cooling off, businesses will need to curb stockpiles.
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.
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,
economy economy-and-economics employment rely stronger virtually
They rely on a lot of other things. When you look at economy in its totality, virtually everything is stronger than the employment data.
anywhere area economy economy-and-economics florida hard largest margin nation pressed recent weak
All of Florida is doing well. Its economy is outperforming the nation by the largest margin in recent memory. You'd be hard pressed to find a weak area anywhere in the state.
above below came gas higher huge interest knock market number prices rates relief rising sign
There was a huge sign of relief when the number came in above 100, and that's why the market rallied, ... There was a thought that the combination of rising interest rates and higher gas prices would knock it below 100.