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...
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.
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.
accept competitor consumers decent employed inclined mostly potential price pricing urgency
When the economy's weak, there's always a potential competitor who will undercut you on price, but when everybody's doing decent business, there's not as much urgency on the pricing front. When consumers are mostly employed and their incomes are going up, they're more inclined to accept some price increases.
economy fed further grow longer market stronger
We think the economy will grow stronger for longer than the market and the Fed do. We look for substantial further tightening to be required.
data erratic holidays january quite skeptical tend throughout turn
We have been quite skeptical throughout January because data tend to be erratic around the holidays and the turn of the year.
appears begun doubt factory last orders sector seen solid year
The factory sector appears to have begun the year on a solid note, no doubt bolstered by the surge in new orders seen at the end of last year.
economy hurricane impact question
The question now is what impact the hurricane has on the economy and for how long.
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.
companies cost feeds increases pass production question swallow
The question is, How much of this feeds through all the way down the production process? Do companies end up having to swallow the cost increases or can they pass it through?