Richard Yamarone
Richard Yamarone
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.
beginning prolonged
I think it's the beginning of a prolonged slowdown, but not a recession.
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,
caution coming creation diminished economic entire growth guns job month since stellar stick street trend
We caution investors; one month of stellar job creation does not a trend make. And since the entire Street has diminished economic growth projections for 2005, we have to stick to our guns of slower, not stronger, job creation in coming months.
companies hiring holiday last less retailers
Retailers and construction companies just weren't hiring last month. Retailers did less hiring this holiday season.
fed looking raises rates until
Looking at where we are right now, I don't think the Fed raises rates until 2005.
argument backing days knew later nine ridiculous venezuela willing
The argument is that Venezuela is not willing or they're not going to be able to (comply with the cuts). Here it is eight, nine days later and they're already backing out. We knew it wasn't going to last, but this is a little on the ridiculous side.
complaints-and-complaining entered passed stage
We've passed the complaining stage and entered the actionable phase.
above bare business corporate decision forward hesitant necessity number
There are a number of things weighing heavily on corporate decision making. They're hesitant to go forward with anything above the bare necessity to keep their business profitable.
company heard intentions last ten
You haven't heard one story in the last ten months, 12 months, of any company saying, hey, we have intentions of hiring. We're going to be hiring. No company has said that.
december early inflation outlook picture relatively
The December inflation picture may look relatively benign, but the early 2006 outlook is considerably different.
april arrive convinced dedicated energy goods large less march money portion spent tax
We are convinced that a large portion of the tax refunds that are scheduled to arrive in consumers' mailboxes in March and April will be dedicated to these exorbitant energy costs. With that, there'll be less money spent on other goods and services.
coming jobs likely maybe month
We're more likely to get between 100,000 to 200,000, maybe 250,000 jobs a month in the coming months, and fluctuating -- very choppy,
consumer continue employment influence labor movement recovery sideways simply single throughout
We're going to continue to see this throughout 2004, this sideways movement in consumer confidence, simply because we're going to see a very choppy recovery in the labor market, and employment is the single most important influence on consumer attitudes.