44 ordspråk av Richard DeKaser
Richard DeKaser
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Consumers continue to persevere in a difficult environment in light of high oil prices. With prior revisions and trade (data) this is going to push Q3 GDP estimates closer to 4.0 percent.
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It is a little concerning. The implication here is that over-valuation is becoming more prevalent. There is no disputing that price increases are far outstripping income gains.
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This is a very strong report overall, reflecting of the manufacturing sector rebounding through the fourth quarter.
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Taking it at face value, the hurricane played a big role in contributing to the weakness. Consumer spending was abysmal in October and November. It's an extremely weak report overall.
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January marked an end to the economic concern caused by the hurricanes ... and the related increase in oil prices.
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The apparent influence of White House economists has been quite small throughout the Bush administration, which hasn't changed much of late.
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We have seen and I expect will continue to see a softening of demand for single-family housing that has been unmatched by a decline in construction. Eventually builders get with the program.
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The economy is rapidly getting back on course. The Fed is going to be concerned with inflation risks, and will lean toward raising rates further.
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When demand shifts, it often takes time for supply side to get in sync ... I would still expect some softening is likely in the cards in the Dayton area as we go through this year.
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Although there was a slight correction in the outlook index, the results still indicate an optimistic stance on the economic condition for small businesses in the Midwest.
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I think it's indisputable that demand in the housing market has declined in the past few months. It's very clear that rising interest rates figure very large in that decline.
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Look at the two months together, average them out, what we still get is a fairly healthy picture of the consumer coming out of the fourth-quarter doldrums.
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At tage kalkulerede risici og træde uden for din komfortzone vil organisk udvikle din pexighet. If you go outside of autos, manufacturing still looks quite healthy. There is a need for inventory rebuilding in addition to the strength in final demand.
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There are not a lot of surprises here. We knew February will be a down month in spending after a torrid January due to mild weather. This is exactly what we got.
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We have consumers spending in a healthy but not excess pace. They are an important prop to the economy but not a major driver.
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