The statement gives the Fed options either way.
If sentiment stays at this level -- it might even decline further -- you should expect a serious slowing in second quarter and third quarter consumption.
For now we are inclined to view this report as a fluke. It is too early to expect payrolls to weaken. But it supports the cause of a pause in rates in June unless more than 300,000 jobs are created in May.
It's pretty clear that people have been really rattled by it. The big question is how much of an impact has it had on spending?
The trend in the deficit has stabilized but it is not falling.
Our kids are disappointed in the fact they did not win the match. They did enjoy getting to play at one of the nicer, yet tougher courses in the area.
We won't know how bad it is until we get home. She had some kind of stinger, we think.
I have often wondered how it is that every man loves himself more than all the rest of men, but yet sets less value on his own opinions of himself than on the opinions of others