Consumers, with higher energy prices and higher interest rates, are going to have cut back somewhere.
I don't think a lot will change right away.
I wouldn't be surprised, once the benchmark number comes in, that we're going to be much closer to 2 percent than the current growth of 1.3 percent.
If it stays at this level for about six months or so, you will see the prices of other products and services increase.
Real estate is a big concern, and we're going to have to watch it carefully.
Right now, as long as the prices are steady and people have their jobs, I think they will do what is needed to make their payments and avoid the foreclosure process.
That's a huge revision. The economy of the Inland Empire is much stronger than they were originally reporting.
The employment numbers are pretty decent. But the concern I have is that two of the sectors showing the most strength – construction and financial activities – are very interest-rate sensitive.
The major components of inflation for us are energy costs and housing costs and medical costs, and I don't see any major break in any of these. I wouldn't be surprised to see still 3.5 percent to 4 percent CPI for us for this year.
We already know the number of permits drawn by builders has decreased and is going to continue to decline because of the cool-down in the housing market. We won't need as many construction workers.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.