Mark Vitner
Mark Vitner
accounting company markets pension surprising
But pension accounting is awfully complicated and it's an awfully big company, so it's not surprising the markets would get a little spooked by it.
markets rational
Markets are rational and forward-looking. However, they can also be wrong.
affect beautiful consumers gasoline higher market prices stock weather
It (consumer sentiment) was a little higher than expected, but the stock market has come back, gasoline prices have come down, and the weather has been beautiful and that has to affect consumers somewhat.
boost businesses costs energy fed growth hiking hire hiring interest labor looks markets output rates recent reluctant
The most recent acceleration in productivity growth looks like it was cyclically driven, ... Even with output soaring, many businesses were reluctant to boost hiring because the Fed was hiking interest rates and energy costs were surging. Even if businesses wanted to hire more workers, many could not because the labor markets were so tight.
demand growth high job market proportion vastly
A very high proportion of that job growth is occurring in high-paying professions. This is a demand-driven market and demand vastly exceeds supply.
awful create labor market mess tight
It would create an awful mess in Florida, where the labor market is tight by any definition.
fed influence markets mouth open supposed
The way the Fed is supposed to influence markets is through an open market policy, but they will also use the open mouth policy,
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.
continues defy demand doom housing quite record remains strong year
It continues to defy all the expectations of doom in the housing market. Demand for housing still remains quite strong and this year will be a record year for single-family construction.
accounts motor overall percent rebound retail rise sales vehicle
A rebound in motor vehicle sales accounts for much of December's 0.7 percent rise in overall retail sales and is also responsible for much of November's upward revision.
increase inflation meaningful numbers pick rent
If we see an increase in rent we could really see inflation numbers pick up in a meaningful way.
federal larger money response spent
The federal response has been much larger than we thought it would be, ... And the money is being spent much more quickly.
coming consumer disaster faster help hit minimize money natural relief
The relief money is coming in much faster than it has for any other natural disaster that I can remember. That should help minimize some of the hit on consumer spending,
breathing fed gives interest room
It gives the Fed a little more breathing room on interest rates, that's the most I can say.