After that, there's not much positive about the outlook. There are no job gains, and wages aren't rising at the moment. |
Despite the risks to the economy, such as a potential retrenchment by consumers or the whole question of high debt levels, you seem to have the ingredients for a self-reinforcing recovery. |
It seems to me that he's keeping the door open for rate cuts. It's a little more negative on the economy than I expected. |
It's negative for the bond market because you have a stronger (economic) growth rate. |
On the [jobless] claims, you're now moving into a range that suggests a recession. I don't even know if many of the airline layoffs have hit this number yet, so it's going to up big time. |