The U.K. tried to cool off the housing market and slow their economy a bit, and they're caught in a situation where the economy is slowing but inflation isn't mostly because of oil prices, ... It's a bit of a dilemma, and that's reflected in their split vote. |
There is beginning to be evidence that high energy prices are starting to spill over into the rest of the economy. |
There is no question that the deficit this year will be worse than last year. A number of the improvements in May were temporary. |
There is no question that we are going out in this year with a lot of momentum. |
There's not a lot of relief in sight. I would not be surprised to see the monthly deficit go above $60 billion by fall, and stay there. |
These high energy prices are beginning to spill over into the rest of the economy. Finally, airlines are able to raise ticket prices and hotels are able to raise room rates and on and on. |
These inflation concerns point to more rather than less tightening by the Fed in coming months. |
This is an economy where airlines are paying record prices for jet fuel, and yet it is very hard to pass through those costs. |
This is bad news, but it's old news, I fully expect the economy to bounce back strongly in the first quarter. |
This is bad news, but it's old news. |
This is just more evidence that we have got pretty solid growth and very little inflation. |
We are headed for a Katrina-induced soft patch, but I would not interpret this as the early warning of a recession. |
We are in a much more competitive environment than we were 20 years ago. |
We are just starting to see the impact of Katrina. We are going to see awful inflation numbers, awful employment numbers and awful industrial production numbers for a few months. |
We seem to be able to absorb serial shocks. |