Overall, [this was] another awful report, ... but given the size of the inventory overhang in manufacturing and the still-rapid loss pace of job losses it comes as no surprise. |
Overall, another awful report, |
Overall, solid domestic final demand, but the second quarter will be much weaker. We expect growth to slow to 3% or less, led by a sharp slowing in consumption. |
Overall, still quite strong, but a bit disconcerting nonetheless. |
Overall, the labor market is improving, but progress is still slow, |
Overall, the recent sales data appear to point to a renewed upturn in spending. |
Overall, the survey is still very strong, but we hoped for a bit better. A further decline next month would be a bit disconcerting, but there is no reason to expect that. |
Overall, this is a very robust report. There was a big upward revision to November orders excluding transportation, to a gain of 0.6% from down 0.6%. |
Overall, this is not too bad a report, but clearly there's some pressure in some sectors. |
People have plenty of cash - and the inclination to spend it, |
People told consumer surveys they were miserable, but they were willing to borrow money to pursue a bargain, |
Preparing the markets for a rate hike is a process in which the Fed gradually has to back away from its unduly pessimistic stance of recent months. This will take some time, but the process is now underway. |
Production was steady, ... a real industrial recovery is still some way off. |
Rising jobless claims were [one] early sign the economy was slowing, and we think they may now represent an early sign that it will soon pick up speed again, |
Skeptics will argue this is just a post-war bounce that won't last, but we disagree, ... The ISM was in the mid-50s before the war, thanks to very loose policy, and there's no reason why it can't return to those levels very soon. The Fed does not need to ease again. |