Mike Cloherty
Mike Cloherty
filing higher industries lets paperwork rate system union
Heavily unionized industries have a much higher filing rate because the union does all the paperwork for you and lets you know how the system works.
broader gives measure movements news next price
The big inflationary news will be next week's CPI. It's a much broader price measure and gives you a much better look at price movements in the economy.
component fist headline numbers quite volatile weak
It's a very volatile component that should come back in the fist quarter. It's a weak report, but it's not quite as God-awful as the headline numbers make it look.
assume flow information people results
People assume that because the flow of information is faster, the results will be faster.
hard shocked
I'm shocked by the Fed's move. It's hard for me to say it all makes sense.
action fed gone harder rates rather require stage talk
It's going to be much harder for the Fed to talk rates down after what's gone on lately. At this stage it's really going to require action rather than talk.
comparing deflation japan people starting talking
Everyone's talking about the Fed's deflation paper. You're starting to see a lot of people talk about Japan and comparing it to here.
definitely extremely held payroll rate stuff
Yeah, the rate held steady, but all the payroll stuff is extremely weak. To have 357,000 down and 108,000 down back to back is definitely a concern.
looking signs
With signs of things looking a little better, those expectations have diminished.