[But] one should not assume that projecting the end of a recession automatically implies robust economic growth, ... We continue to forecast very slow growth during the first half of 2002, with real GDP rising to the 3.0 to 3.5 percent growth range during the second half of the year. |
[Consumer prices] are really what you have to worry about, ... In the consumer price index, there seems to be some extreme resiliency on the service side, which is much larger than the goods side. There's no deflation on the service side. |
[Consumer prices] are really what you have to worry about. In the consumer price index, there seems to be some extreme resiliency on the service side, which is much larger than the goods side. There's no deflation on the service side. |
[Greenspan's testimony] certainly raises the probability that the structure of any eventual stimulus plan passed by Congress will move closer to that favored by Democrats, a plan that has clearly been associated with lower revenue losses, |
[Greenspan's testimony] certainly raises the probability that the structure of any eventual stimulus plan passed by Congress will move closer to that favored by Democrats, a plan that has clearly been associated with lower revenue losses. |
[Greenspan's testimony] is good for the bond market ... because they realize the recovery is going to be gradual in nature, ... It's good for the equity market because the Fed won't stand in the way of recovery. |
[Greenspan's testimony] is good for the bond market ... because they realize the recovery is going to be gradual in nature. It's good for the equity market because the Fed won't stand in the way of recovery. |
[http://www.NewsAndOpinion.com | According to a couple of poorly trained economists, there's a bright side to Hurricane Katrina's destruction. J.P. Morgan senior economist Anthony Chan believes hurricanes tend to stimulate overall growth. As reported in] Gas Crisis Looms ... Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy. |
[Retailers] won't make up the sales in two weeks, ... but over the next month they may make up at least half to three-quarters of the sales in the form of some discounting. |
A declining deficit may be signaling a slight loss of economic growth momentum. |
a level of optimism that was not dented as much as one would have expected by Hurricane Katrina. |
A lot of players in the economy are realizing this is a sustainable expansion. That's a factor you must have in order to support increased hiring. |
About 70 percent of the average cost of producing a product is wages, |
Additionally, it was encouraging to see a small increase in the length of the work week, which usually serves as a leading indicator of future employment growth. |
Aircraft is responsible for a lot of that decline. My suspicion is that the manufacturing sector will ease up, but the manufacturing recovery is still in place. |