Richard Yamarone
Richard Yamarone
looking party talking turned
It's looking like this party we're all talking about has turned into a gala.
five months rear sitting
That's five months of sitting on your rear end unemployed, and that doesn't bode well for spending.
confidence consumers cover grand knocking striking
Consumers aren't knocking the cover off the ball. Their confidence isn't a grand slam, but they aren't striking out, either.
anywhere fantasy found good inflation oasis
There's no inflation anywhere to be found in the U.S. economy, and that's good for bonds. It's more than an oasis of prosperity, it's more like Fantasy Island.
creation economy goes job
As the economy goes, so, too, goes job creation.
good
This is not a good report, all things considered.
last song swan
This is Greenspan?s last hurrah. The swan song for the big guy.
buying generators insurance living outlook people plan protect rather sign smart sounds translate weaker
People buying generators sounds more like a smart insurance plan to protect some of their assets, rather than a sign they're living in fear. It may dampen people's outlook a little bit, but not in a way that would translate into weaker spending.
certainly federal higher perception policy prices problem raising reserve seems tea
As long as there is a perception that higher prices are in the tea leaves, that's a problem certainly for policy makers. And I think that's why the Federal Reserve seems hellbent on raising rates.
america appear august corporate exactly hiring job jobs last problems switch
August isn't exactly a barnburner for job creation. It didn't appear as if corporate America flicked on the hiring switch last month. I think there were a lot of problems plaguing big business. So I don't think we're going to get a big jobs number.
afford anyone subject
It's not a subject that anyone can afford to fail.
companies hiring holiday last less retailers
Retailers and construction companies just weren't hiring last month. Retailers did less hiring this holiday season.
data deeper economic higher inflation last longer piece received showing signs six threatens weeks
Every piece of economic data we have received over the last six weeks is showing signs of higher inflation that threatens to erode economic growth. The after-shocks of the hurricanes may be longer and deeper than many now believe.
address believe budget deficit manageable pay piper time
Now it's time to pay the piper and get this deficit back down to more manageable levels, and I believe the president's budget will address these issues,