You probably want to subtract about two-tenths of a percent from first-quarter GDP growth. But that's looking like very old history, with the Fed having eased twice since the first quarter, ... From the market's perspective, you feel like you're in a different world already. The first quarter looks very distant, indeed. |
You probably want to subtract about two-tenths of a percent from first-quarter GDP growth. But that's looking like very old history, with the Fed having eased twice since the first quarter. From the market's perspective, you feel like you're in a different world already. The first quarter looks very distant, indeed. |
You want to get your house in place before financing costs go up. |
You're going to see continued cost discipline. So when growth comes it won't be spent on things like wage increases, but will flow to the bottom line. |
You're not talking about a full-blown business-cycle recovery here, which is something like 6 percent GDP growth for a year, ... To get that, you'll need the whole economy operating in full-growth mode, and clearly the consumer isn't. |
You're not talking about a full-blown business-cycle recovery here, which is something like 6 percent GDP growth for a year. To get that, you'll need the whole economy operating in full-growth mode, and clearly the consumer isn't. |
You've had obviously a rise in gasoline prices, which is the visible price in the economy, ... There's (also) a tendency of the public to look at the unemployment rate that actually rose in March, while Wall Street looks at payrolls (which showed a large jump in the number of people working.) |