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...
expectation june month numbers pattern strong weak weaker
We've had this pattern of strong month, weak month lately. May numbers were weaker and the expectation is for June numbers to be stronger.
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.
beginning gotten moderate numbers others sustained view
The numbers were considerably more moderate than we and others had expected. We have gotten back to pre-hurricane numbers. (But), I don't view this as the beginning of a sustained downturn.
definitely jobs numbers soft stocks
The jobs numbers were definitely on the soft side, and so stocks are down.
clearly consumer depends economy evidence far gas numbers people prices pull risk short slowing stay strong
The economy is clearly strong right now, and that's what these numbers reflect. In the short term, there's a risk people will pull back on spending, but that depends on how long gas prices stay high, and so far there's not much evidence the consumer is slowing down.
absolutely changing crew field numbers picture until weak
The 'economy is weakening' crew will have a field day with this report. But until we see two weak numbers in a row, I am absolutely unconvinced. . . . Disappointed? Definitely. Changing our big picture view? No.
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.