Anthony Crescenzi
Anthony Crescenzi
asian half increase last sector seeing seems since weak year
What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.
actions community defend fears rather stem surprised
What he did was defend his actions rather than quell the fears of systemic risk. I'm really surprised that he'd do more to stem fears of hedge-fund community fallout.
consistent figure inflation left moving rate slowly
What you're left with is a figure consistent with the inflation rate slowly moving upward,
bush chances confidence consumer continue counter markets might recent unless worry
Unless the Bush administration can successfully counter recent criticism, Bush and consumer confidence might continue to flounder. If so, the markets will justifiably worry about Bush's chances of re-election.
build deflation demon fight including low might rates successful vanished
This time, they want to keep rates low to fight deflation -- a demon that may have vanished already. They might be successful again, but something else might build up, some other unintended consequence, including some inflation.
boom cars creation effects expect good held indication items job majority payroll pick report slowing spending tax
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
depends loses maybe neighbor
What's the expression? 'If your neighbor loses his job, it's a recession, but if you lose your job, it's a depression?' Maybe it depends on who's making the definition.
both driven due expected figures gains higher inflation large oil percent thursday
There are inflation figures due out Thursday and Friday. The CPI and the PPI both are expected at 0.5 percent (increase), which is a very large gain, but both of those gains are expected to be driven by higher oil prices.
believe change conditions confident employment expansion gains greenspan interest jobs report seen
We haven't seen big gains in jobs yet, so Greenspan can't be completely confident this expansion will be self-reinforcing, ... But I believe a blowout employment report is on the near-term horizon, and that will set the conditions for a change in interest rates.
aversion bonds flow increased junk market money past price risk treasury
When risk aversion is declining, money will flow out of the safe-haven Treasury market into riskier assets, ... High-yield bonds have increased in price in the past week; holders of junk bonds are doing well right now.
hints labor worst
There are hints now that the worst may be over in the labor story.
growing market
There are growing indications the market is more stable,