Stephen Stanley
Stephen Stanley
Stephen Stanley is a Canadian singer-songwriter associated with the band The Lowest of the Low. Stanley also performs as a solo artist, sometimes in collaboration with violinist Carla MacNeil...
track
We are still on track for a blowout quarter.
consistent fed signal
There is no signal that the Fed is nearing the end (of its tightening cycle), and that's been the one consistent thing.
bad corporate economy good inflation investors margins profit stock thinking
What stock investors probably need to be thinking about now is 'what are profit margins doing?'. A little inflation wouldn't be so bad for the stock market, for Corporate America, but it wouldn't be good for the economy or the consumer.
animal election good huge jobs last news report spirits
This report is huge in the big picture, ... With the election over and this good news on jobs we could at last see an unleashing of animal spirits in the economy.
activity both consensus economy entering exports figures generally good imports sign slow solid strike
When both exports and imports are surging, that is generally a sign that the economy is in very good shape. These figures strike me as yet another sign that activity entering 2006 was on a solid footing, not about to slow down substantially, as the consensus believes.
far highest inflation percent reading since
One-year inflation expectations spiked from 3.1 percent to 4.6 percent, by far the highest reading since 1990,
afraid chicken demand game happen holiday might nobody risk short traders wanting wants week
There's a game of chicken going on with traders wanting to go short but too afraid of month-end demand to risk it. Anyway, nobody wants to be short in a holiday week when anything might happen geopolitically.
bit focus represent shift
It would represent a bit of a shift from a macroeconomic focus to a banking/regulation focus.
economy extent fed market maybe people perceive slowing statement stock stop
The stock market has been pretty stubbornly hewing to the idea that the economy is slowing down and the Fed may stop soon. So to the extent that people perceive the statement as a little more hawkish, it's maybe upsetting.
explosive pace quarter second sets stage swing third
The still-massive swing in the pace of stockpiling in the second quarter sets the stage for an explosive third quarter.
caused faster fed grow hours job labor losses modest officials remain rises since unit worked
Productivity rises could be more modest going forward, since hours worked should grow faster as job losses caused by the hurricanes are reversed. Fed officials will remain watchful of a reacceleration in unit labor costs.
fed momentum reasons robust speaks underlying
This speaks to very robust underlying momentum in the economy, which is one of the reasons why the Fed will have to keep going.
data few hike looking march market points recently thrown weeks
A few weeks ago, the market was looking for a hike in March and May, but there have been some data points recently that have thrown May into question.
anecdotal average earnings evidence fed growth labor officials picking pressures remain suggesting unit wage
Fed officials will remain watchful for a reacceleration in unit labor costs, especially with anecdotal evidence and an upturn in average hourly earnings growth suggesting that wage pressures may be picking up.