We expect durable goods to be up a bit, due to higher aircraft sales. |
We now believe that the FOMC won't stop until the federal funds rate reaches 5 percent next spring, ... Stronger growth, still easy financial conditions, a tighter labor market, and rising unit labor cost inflation all put pressure on the FOMC to keep going. |
We've learned a lot this year and we've grown from the experience, |
What's really happened is technology has basically favored capital markets over depository institutions because it has reduced the cost of making transactions. |
Would you really buy a computer early if computing prices are falling? ... You'll probably have a bit of a bulge in spending in the fourth quarter, but we think people are overstating the benefits. |