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...
along boost coast coming continue demand eventually few gulf housing last levels moderate near pace rebuilding record remain seen starts
While housing demand will probably continue to moderate from the torrid pace seen in the last few years, housing starts should remain well-supported in the coming months, as builders' backlogs remain near record levels and rebuilding along the Gulf Coast will eventually boost activity.
continued convince data hikes march market primarily rate recipe report softness sounds
Today's report should convince most market participants that the March softness in the data was primarily a one-month phenomenon. Sounds like a recipe for continued 25 basis-point rate hikes for the foreseeable future.
continue fed hike measured pace rates
Barring an abrupt weakening in the economy, the Fed will continue to hike rates at a measured pace for the foreseeable future.
best bottom clear continues growth job line previous
The bottom line is that, excluding the hurricane, to the best that we can tell, job growth continues to be good, as was made clear by the upward revisions to the previous two months.
consumer continue continues economy good momentum numbers spending surprise
Consumer spending numbers continue to be very good and manufacturing continues to surprise to the upside, which all suggests the economy has a lot of momentum right now.
case compelling continued hikes rate since
The case for continued rate hikes has become, if anything, more compelling since Katrina.
bond continues further glass half market minutes provided
The FOMC minutes provided further affirmation to a bond market that continues to see the glass as half full.
businesses cash confident consumer continues economy improving labor
The economy has a lot of momentum. The consumer continues to do well because of the improving labor market, and businesses have a lot of cash and are getting more confident about deploying it.
cold continue exception hit industries ok overall recovery sector top
The overall manufacturing sector is doing OK with the exception of autos. We continue to see recovery in the industries that were hit by the hurricanes, and then on top of all that it was a cold December.
adjusted auto clearly increase january million pace perhaps sales
January auto sales were clearly much better than expected. We are on a pace to see a month-to-month increase in the seasonally adjusted sales pace, perhaps to around 17.7 million units or so.
data december durable effect flat goods influence less net number offset positive possibly quarter shipments strength
Ironically, with all this strength, the net effect of these data on the fourth-quarter GDP number could be flat or possibly even marginally negative. This is because durable goods inventories were flat, which should more or less offset the positive influence of the stronger-than-anticipated December shipments figures. For first quarter GDP, however, these data are unambiguously positive.
area clear definitely less
It is definitely clear that (housing) is one area where you will see less growth,
bit energy exactly figure katrina trying
Katrina is a little bit different because you're also threatening the energy system. We're still trying to figure out exactly where we are on that. The near-term implications are pretty extreme.
building claims economy large number permits recovery seeing since strength strong
Some of the strength in building permits and claims may be weather-related and so this number probably won't be repeated, but there's been a strong recovery in the index since the hurricanes and by and large we're seeing that in the economy as a whole.