Richard Yamarone
Richard Yamarone
curve fed longer measured move pace react whether word yield
For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.
forbid god greenspan happened kid next year
God forbid this happened next year when we'll have a new kid on the block, ... We did have that with Greenspan in 1987, and he did fine.
bowl consumers partying percent punch status
Consumers are partying like it's 1999, ... They are celebrating their full-employment status and they are spending. The punch bowl is only spiked with 1-1/2 percent inflation, which isn't anything.
greenspan saying taking wednesday
Greenspan will take it away on Wednesday like everyone's saying here, but he's only taking it away momentarily, ... He's taking one and he's done.
affect building general inflation longer matter mistake pressures price start
Make no mistake about it. Inflation is building in the pipeline. It is no longer a matter of if, but when, those price pressures will start to affect the general price level.
february forecast low simply stronger terrible
I had a low forecast for February simply because we had terrible weather, ... Yet, we still managed to have this kind of activity. So this is very encouraging for housing. Had it not been for the inclement weather, we would have had a stronger posting.
bankers bottle central cork fed firmly genie history inflation sneak tells
History tells us that the Fed has always overshot its tightening goal. Central bankers like to know the cork is firmly implanted in the bottle so that the inflation genie doesn't sneak out.
benchmark comparison indicator industrial number pale production strength
The industrial production number is the benchmark -- other surveys, while they're good, pale in comparison to the strength this indicator has.
along cannot economic generally increased inflation pass periods problem producers simply
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.
fed hike intent october rate rule
I think for all intent and purposes, you really have to rule out a Fed rate hike on October 5,
demand gold higher housing medal mortgage plenty settle year
So we don't get the gold medal in housing this year ? we have to settle for the bronze. There's still plenty of demand for housing in the U.S., even with the higher mortgage rates.
few next pause
If they didn't pause after Katrina, they are not going to pause in the next few months.
along companies conference earnings fingers general listening people sentiment tone trigger
The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.
hear hiring tone
I still don't think the tone has changed, ... I don't hear any hiring going on, and I don't hear any firings going on.