21 Quotes by Brian Fabbri
- Author Brian Fabbri
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There is no doubt that the street was expecting the worst and they were prepared for the worst. Once the numbers came out a rally ensued and it trickled over to the equity market... The domestic economy is just honey.
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- Author Brian Fabbri
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Sentiment is finally beginning to show that consumers are getting a little bit unnerved about higher gasoline prices.
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Business confidence is very low, and thus they're maintaining as cautious an approach as possible to their activity, whether that's hiring, building inventory or anything else.
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It adds a little more power to yesterday's wording change in the Fed statement. Fifty (basis point interest rate hike) is coming, maybe not in May, but June is really starting to stand out now.
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Typically, consumers are waiting for all kinds of deals before they go out and purchase an automobile. They didn't get them in July, so perhaps they're going to wait until maybe August.
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We had a big decline (in September) and I thought maybe there would some small rebound, but we didn't get it. It was orders that improved very dramatically and that is a positive, but the employment component is a bit worrying.
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There are an awful lot of cost pressures in the system. While they may not be manifest in final goods prices just yet, the numbers tell you that, unless companies find new ways to cut their costs, profit margins are going to be squeezed.
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This year, retailers probably hired a normal number of people. We'll wind up with a large seasonal factor boosting a normal number, and end up with a large gain in retail help.
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Electric utility output was down a bit because we had such cool August, but otherwise, manufacturing was pretty hot.
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