Maureen Allyn
Maureen Allyn
employers hire job pay people reluctant
Employers are reluctant to hire people who can't do the job they want and they're reluctant to pay more.
bear bite cheer cut feeling happens history market people sort taken tells themselves trying
People may not be feeling all that good, but they are trying to cheer themselves up. They're not constrained yet, but I do think it is going to set in. The bear market has taken a big, big bite out of wealth, and history tells us when that happens people do sort of cut back.
ahead economy fast fed fragile happy inflation position sets slow stuff sure worried
The Fed is very happy to see this kind of stabilization, but they're going to be worried about inflation and credit. Honestly, I think the Fed understands how fragile a position the economy is in because when you slow down this fast it sets a lot of stuff in motion. They want to get ahead of that and make sure it doesn't get worse.
growth last paying surprise took year
Growth took them by surprise last year so I think this is paying back for all that growth we had last year.
companies costs keeping learn power pricing
Companies have to learn to live with keeping their costs down. They're not going to get pricing power not in our lifetime, I'm afraid. The world is just much too competitive.
adding credit half mother per private sector trillion
Private sector credit from 1999 through the first half of 2001 was adding $1.2 trillion per year. It was the mother of all credit expansions.
claims difference grow hearing stable starting upside worst
There's a difference between being stable and starting to grow again. I think that's what we're hearing from companies, too - the worst may be over, but we really don't see the upside coming, and that's what these jobless claims suggest.
economy economy-and-economics fix sudden
You really don't want to do any sudden moves. The economy is doing really well. Why fix it? It doesn't need fixing.
august gave jobs report street wall
The August jobs report gave Wall Street just what it wanted.
flat
This is still very flat inflation. We do not have an inflationary worry.
economy economy-and-economics hit
Realistically, they've done a lot already. The economy may be sleepy, but you don't need to hit it with everything you've got.
bond good happy inflation market means pressures remember surprises terrible threat time wage
We just don't see the wage pressures and I think the bond market is so happy because that means there really isn't any threat of inflation out there. Remember all those terrible surprises we used to get on Fridays? It's about time the bond market got a good one.
almost capital growth job next nine outlook profits rest revising six zero
With profits in such a tailspin, I'm revising down my capital expenditure outlook for the next six to nine months, and (I see) almost zero job growth for rest of this year.
bit bond concerned data fed growing market second
We're growing vigorously, and I think that the bond market is right to be a little bit concerned about this. It's not the data we've gotten, but the data we didn't get. We didn't get a slowdown in the second quarter. That, I think, is going to make the Fed very nervous.