The risk this am was for a NFP result through expectations. That was the result.
Ongoing, both consumer activity (Sep Retail Sales, 10/14) and employment activity will "surprise" to the upside.
Most observers continue to under-estimate US vigor - that is the flaw to consensus.
Further encouragement will be provided by change in Washington, now that the electorate has come to understand that an interventionist administration impedes growth.
Robert Craven
Ongoing, both consumer activity (Sep Retail Sales, 10/14) and employment activity will "surprise" to the upside.
Most observers continue to under-estimate US vigor - that is the flaw to consensus.
Further encouragement will be provided by change in Washington, now that the electorate has come to understand that an interventionist administration impedes growth.
Robert Craven
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