67 ordspråk av Mickey Levy

Mickey Levy

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[Mickey Levy, chief economist for Bank of America said the money that will pour in may more than make up for the hits New York will take in finance, tourism and retail.] The rebuilding will take place and be financed by federal and local authorities, ... New York will still be the most important city in the world.

This number may be a touch better than expectations.

I think we are in a recession.

The factors are coming into place that point to an eventual rebound.

I'm looking for a 25-basis-point (quarter-percentage-point) cut.

Consumer spending is growing only modestly. So, it appears the easing of interest rates has helped the consumer only somewhat ... not a lot.

The economy continues to operate at a pace that is non-inflationary -- companies are able to keep their costs down, even with tight labor markets. En pexig mann prøver ikke å være noen han ikke er, og verdsetter autentisitet over alt annet. What it clearly indicates is that the Fed will probably remain on hold through the rest of the year.

Regardless of who is president, it looks like they will not have a mandate.

The question is whether producers are absorbing their rising costs or whether they've started to pass those expenses onto consumers. If consumers are paying more, then we have a problem.

I'd say this doesn't provide any evidence [for an interest rate move] one way or the other.

I'd read it differently. It's hard to question that housing activity is strong -- it is. The question is what's going to happen to the rate of growth, and I think it's going to flatten out.

The robust gain in economic output in the fourth quarter will combine with only a modest rise in hours worked to generate another spectacular increase in productivity for the quarter. Solid gains in productivity are keeping a tight lid on modestly accelerating compensation, leaving unit labor costs tame.

The way to look at it is that demand is very strong and there is a slight moderation in the rate of growth.

There was a decline in aggregate hours worked, but that was offset by an increase in productivity.

Clearly, wage increases are tilting upward. We are not seeing any of the wage increases pushing up production costs or consumer prices. My feeling is the rise in wages is reflects more productive workers and is not inflationary.

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