Richard DeKaser
Richard DeKaser
might next shock time
What the shock might be next time is unpredictable.
becoming far income increases price
It is a little concerning. The implication here is that over-valuation is becoming more prevalent. There is no disputing that price increases are far outstripping income gains,
context favorable fed gives inevitable inflation latitude past rate recent seen
This is a very favorable report. In the context of what we've seen in the recent past, the Fed is right to say that inflation has been quiescent. It gives them more latitude to forestall an inevitable rate hike.
coming family market peaked report
Today's report confirms that the single-family market has peaked this summer, and it's coming off gradually.
activity august clarify help raises seeing slowing stake
We are seeing a slowing in manufacturing activity in August that raises the stake of the ISM index which will help clarify some of today's confusion.
close later point quarter
We're awfully close to the end of the game. They've got another quarter point in them. We'll see it later this month.
consumers economy excess healthy major prop spending
We have consumers spending in a healthy but not excess pace. They are an important prop to the economy but not a major driver.
builders continue decline demand eventually expect family housing seen
We have seen and I expect will continue to see a softening of demand for single-family housing that has been unmatched by a decline in construction. Eventually builders get with the program.