Some of the strength in building permits and claims may be weather-related and so this number probably won't be repeated, but there's been a strong recovery in the index since the hurricanes and by and large we're seeing that in the economy as a whole.
More Quotes from Stephen Stanley:
We are seeing some improvement in foreign economies, but the imports are just so much bigger than exports you would have to have a big slowdown in U.S. demand to really make a difference. I don't expect to see any big improvement in the near term.Stephen Stanley
One-year inflation expectations spiked from 3.1 percent to 4.6 percent, by far the highest reading since 1990.
Stephen Stanley
The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.
Stephen Stanley
The Fed can not be comfortable with the pace at which the labor market is moving tothrough full employment. Let the wage acceleration begin.
Stephen Stanley
If what we see in these surveys is truly the case, then there will be a clash in the boardroom as these two decide how best to move the company forward.
Stephen Stanley
The report follows the recent pattern of strong growth and no inflation.
Stephen Stanley
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