Do not read too much into the weak January reading as the entire decline was due to the weather.
Zoltan Pozsar
There's plenty of cash around to finance capital spending and hiring. It matches well with our view that capital goods orders and business spending will remain strong.
finance business strong cash view
We knew what to expect.
If we see more pass through, more inflation, it could change the trajectory of the economy.
change economy inflation
reading weather read january weak
The job market is firm, the outlook for hiring remains firm and hourly wages will pick up. Wages will grow enough to keep consumer spending up.
market grow job outlook
Housing has peaked, and from here it's only downhill. It's going to take some of the wind out of the sails of consumer spending, but it won't choke off consumption.
wind choke consumption
Housing has peaked and from here it's only downhill.
Some see the widespread weakness outside transportation as discouraging. But orders are still running far above average given the last few months of increases.
weakness running
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