A lot of that was borrowed by the second quarter in the first quarter. I think it is indicative of weakness in the second quarter. |
Higher oil prices are already biting. |
I think we are going to get a couple more quiet numbers. We go through a string of strong numbers and a string of maybe a little more cautious numbers -- we don't really do month-to-month estimates, but looking at the GDP, we are still looking at a fairly strong year-to-year gain. I think the market will breathe a little sigh of relief. |
In economies with less regulation, companies can use information communications technology that link sectors to one another in ways that create joint productivity. |
not until we see some resolution of the Asian crisis. |
November 2001 will be viewed as the trough |
Probably the most critical impact of higher energy prices is their ability to weaken consumer spending. |
This could give you no growth in the US or a possible recession. |
This in some terms has been one of the mildest recessions on record, ... but it has been a severe recession by business standards and by the standards of the industrial sector. |
Using fiscal resources in that way, especially since we're moving into deficit spending [by the U.S. government], is ill-advised. |
Very few of the responses will have a post-attack impact, ... In the last two weeks people have ... been very distracted. Filling out response cards to consumer confidence surveys has not really been their number one priority. |
We are the engines of growth, and we can't afford to see those engines slow down. |