173 ordspråk av Mark Vitner

Mark Vitner

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 Consumers are fairly worried about the economy. ... I think the holiday season is going to be ho-hum,

 Corporate America is on the mend. The only downside of stronger productivity growth is that it means hiring is lagging. As far as downsides go, this is roughly the equivalent of eating your broccoli. It may be tough to stomach at first, but it makes you stronger and healthier in the long run.

 Demand in the U.S. economy is reasonably strong and retailers are probably optimistic about the holiday shopping season so they are starting to order from abroad now. The trade deficit is going to take some time to turn around. It may not happen until next year.

 Exports are off in virtually every category. I don't see much near-term improvement for the trade deficit. The trade deficit will probably shave about 0.5 percent off of third quarter Gross Domestic Product.

 Flood damage does not tend to be as insured. The lack of insurance is likely to cause the recovery to be delayed,

 Given that it's going to reach such an extended area and that it will be an unusually wet storm, damages are going to be a lot worse than $1 billion. So many homes, apartment buildings and shopping centers have been built in this part of the country that haven't been tested by a big storm. Now we're going to see just how good this construction has been.

 High gasoline prices gradually eat away at income. The effect isn't felt all at once. We have seen consumers change their behavior in recent months and there should be further changes if prices stay at these levels.

 Hiring in business and professional services will once again lead the way.

 I don't have any faith that 32,000 jobs added reflects what's going on. The growing disconnect between the surveys is too much to dismiss.

 I don't know if the gas prices and interest rates will knock consumer confidence down in coming months, ... I think they're more likely to hold it where it is now, which is good, but not great.

 I don't see any storm clouds on the economic horizon. We don't see any potential land mines or problem areas. Even an attack on the scale of 9/11 would not cause the economy to go into recession in the next two years.

 I don't think it's a sure thing they'll tighten in December, even if it is now more likely.

 I don't think there's much doubt the Fed will raise rates by a quarter point each of the next three meetings. Even a really strong report probably won't cause them to raise rates by a half-point.

 I really can't recall a time in history when the Florida economy was as strong as it is today.

 I think 78,000 is too few jobs to qualify as a soft landing.


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