Mark Vitner
Mark Vitner
across low places quite time
Unemployment is low in places that were and were not impacted by hurricanes. It has been low for quite some time all across the state.
accurately depends dire economy flat low slowly yield
It really depends on when you get the flat curve. Right now with the low rates, I don't see dire implications from a flattening yield curve. It just is accurately indicating that the economy is slowly or moderating.
amazing fast florida gotten growing low population truly
It's truly amazing unemployment has gotten this low in Florida when the population is growing as fast as it is.
bush cause employment george harm keeping low people raise rates weak
They would like to raise rates, but right now, keeping rates a little too low would cause the least harm in the economy. If they raise rates after this weak employment report, people will be hollering. George Bush would be hollering the loudest.
data deficit estimated july lower results revision seen slightly third trade
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.
above growth higher home impact job low march mean month mortgage overcomes percentage point rates remain sales stronger
The impact of stronger job growth more than overcomes the impact of higher mortgage rates. It doesn't mean we'll have a month like March every month. But home sales should remain strong even with mortgage rates about a percentage point above the low point.
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.
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.
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.
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.