Richard Yamarone
Richard Yamarone
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,
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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.
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Ultimately the buck stops with the president. If people are upset about the economy and want to blame someone, that someone is probably going to be the president,
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The industrial production number is the benchmark -- other surveys, while they're good, pale in comparison to the strength this indicator has.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Up until now, we haven't seen any backlash to record prices at the pump from consumers, but now the story is changing,
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What economists see as half full, investors see as half empty.