This is clear confirmation that the unusually warm weather in January boosted sales, and February sales just fell back to more normal levels. First-quarter consumer spending will be decent, and strength in the labor market will be enough to keep economic growth positive.
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The Fed would only pause on the GM news if there were some indication that the news threatens the health of the economy as a whole or the health of the financial markets as a whole.Chris Low
The writing seems to be on the wall at this point. Prices are still falling. Meanwhile, the supply continues to rise.
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Retail sales are expected to be down, but worry about Producer Price Index and Consumer Price Index releases Thursday and Friday could keep any bond market rally in check.
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The trade deficit widened to a record in September, as expected. But it wasn't the oil story we were all looking for. Instead, it boils down to Boeing and Airbus, with the European firm holding the cards this time around.
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Any attempt to bypass the markets, remove market incentives and replace them with government incentives sets us on the wrong path. After Nixon and Carter, I didn't think we'd make that mistake again.
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It does look like the economy is losing steam. After two years of Fed tightening, it's simply gotten more expensive to finance whatever it is you're trying to finance.
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Based on Topics: Labor Quotes, Sales QuotesI don't care if we're out of it or not, if I've got a chance to pitch, I want to.
Greg Maddux
Here is my theory on this one. If you write things down, if there is a mystery and you try and explain it, once you've written it down for permanent, in due time, it'll be proven stupid.
Joey Santiago
The tyrant grinds down his slaves and they don't turn against him, they crush those beneath them.
Emily Bronte