When you have a long road to travel, you don't take too many breaks. You just keep on going, ... We're one or two bad numbers away from reassessment of Fed policy, but we're not there yet. Yes, this number is weak, and yes, it's disappointing, but there are some rays of hope in here. |
When you have a long road to travel, you don't take too many breaks. You just keep on going. We're one or two bad numbers away from reassessment of Fed policy, but we're not there yet. Yes, this number is weak, and yes, it's disappointing, but there are some rays of hope in here. |
When you listen to Greenspan's speech, you hear a fear about the sustainability of economic growth and no inflation pressures, ... Guess what that spells? Lower interest rates and postponing a return to higher rates, to insure the sustainability of growth. |
When you listen to Greenspan's speech, you hear a fear about the sustainability of economic growth and no inflation pressures. Guess what that spells? Lower interest rates and postponing a return to higher rates, to insure the sustainability of growth. |
When you measure [prices of ] both goods and services, you come up with a tame inflation environment, which is policy nirvana. You can apply as much fiscal policy and monetary policy as you want without side effects. |
While an economy is limping during the earliest or first stage of an expansion -- this is where we are -- the ability to pass on the effects of higher input prices like energy is quite limited. But as soon as the economy begins to gain traction, more of these prices can be passed on. |
While job losses may be ebbing, we have yet to see any signs of outsized hiring. This will not come ... until we transition from a slow-growing expansion to a normal economic recovery. |
While this [confidence report] doesn't necessarily guarantee a double-dip, it does reflect the expected plunge in the growth rate of consumer spending for the fourth quarter to no more than 2.5 percent after a possible gain of 4 percent in the third quarter of 2002. |
While weather played a role in soft apparel sales, the high energy prices impacted overall sales. Net-net, the climate is likely to get better with improvements in the labor market. |
With a fall in the yearly rise in average hourly earnings, both investors and policy-makers can avoid pushing the panic button for a little while longer. In other words, while a (May interest rate hike) remains all but assured, this report did little to nail further tightening beyond this stage. |
With all that as a backdrop, there are some real positive forces to stimulate growth. |
With high productivity and low inflation, [expectations of] long periods of prosperity are very reasonable. |
With sentiment under considerable short- and long-term pressure, we know that 2002 is not going to be anything like 2001 for the consumer. |
With the rise in the unemployment rate, it is hard to conclude that the labor market is anywhere near out of the woods. |
With the surprise jump in new home sales and the outsized rise in existing home sales, we now see that widespread talk of the demise of our moderate economic recovery has been somewhat exaggerated. |