Mark Vitner
Mark Vitner
bit close fear fed housing market maybe slowing takes today yesterday
Yesterday there was a little bit of a fear that maybe the housing market is not slowing down much and that the Fed has to do a little bit more, and today it takes some of that fear back out. They are really close to being done.
bit difficulty economy expecting explain fact folks generating helps mild momentum negative positive recession short three weaker
It confirms that this recession in 2001 was not particularly mild or as short as some folks had thought, ... We were expecting at least two negative quarters, and the fact we had three is a little bit of a surprise. That helps explain why we're having so much difficulty generating some positive momentum right now. The economy was weaker than we had thought.
bit commercial conduct economic expansion fed high quickly rates rise wire
The Fed has to conduct a bit of a high wire act. If rates were to rise quickly that would put part of the economic expansion at risk, particularly residential construction and commercial development.
earlier gas prices rise usual
I think we'll see gas prices rise earlier than usual and faster.
breathing fed gives interest room
It gives the Fed a little more breathing room on interest rates, that's the most I can say.
responding talk
I think they would be responding to all the talk of outsourcing and all the talk in the headlines.
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.
bonds boomers college interest money save start starting stocks
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.
best chairman ferguson might vice
I think Ferguson might be the best vice chairman we've ever had.
continues core fed finished further goods increases likely modest price prices production relatively series signs tops until
While core finished goods are still relatively tame, there are signs that price increases are accelerating further back in the production pipeline, ... Typically the Fed continues tightening until this series tops out. But with prices up only modestly, they will likely continue to make only modest adjustments.
again bursting companies economy economy-and-economics finally growing market moved overall past stock tech year
Overall this year the economy moved past the bursting of the stock market bubble. Tech companies finally started growing again and that's really benefited the Triangle.
appreciation demand far less likely moving overall price saw supply
Overall supply and demand are moving into much better balance. With that, we're likely to see far less price appreciation than we saw in 2005.
accelerate annual below continue core exception fed few gradually interest means months next past percent policy pressures price pushing rate recent rose slightly three trends unlikely
Recent trends show the price pressures are well contained, with the exception of oil, ... The core CPI rose at just a 1.8 percent annual rate over the past three months, which is slightly below the 1.9 percent year-to-year gain. That means the core CPI is unlikely to accelerate in the next few months and allows the Fed to continue its policy of just gradually pushing up interest rates.
economy either growth happening job labor losing means momentum side stronger touch
It either means the economy is losing momentum or the (Bureau of Labor Statistics) is losing touch what's actually happening in the economy. Right now I don't know what side to come down on. My sense is that job growth has been stronger than reported.