22 ordspråk av James O'Sullivan
James O'Sullivan
At best, it's going to eat into their own sales. People are going out later, and you don't tend to drink Guinness late at night. It's hard to imagine something so similar to Guinness changing that.
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Frankly, the risk of a major pickup seems to have faded lately. We haven't gotten more action from energy prices.
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Greenspan gave no hint of an end to tightening.
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I don't think either of them tell the real story.
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I don't think housing is shooting up anymore, but nor is it plunging,
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Inevitably, we'll get some pass-through.
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It's certainly consistent with the idea that the upturn has ended, ... These numbers are so volatile that its hard to get caught up with one month too much.
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It's certainly consistent with the idea that the upturn has ended.
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It's not 100 percent clear where housing really is, ... But the weight of the evidence is that it's not as strong as this number on new home sales implies.
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The bottom line is housing is not plunging and it's not soaring, ... There are signs that housing is peaking, but there is no evidence that housing is weakening sharply.
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The housing sector in particular appears to be cooling.
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The numbers are continuing to signal strength in manufacturing. Inventories are lean, and so if anything, that's going to add to growth for the next several months.
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The store data looks pretty strong.
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The underlying trend in employment growth is pretty good. With the unemployment rate down to 5 percent and inflation expectations up over the last couple of months, we do see more acceleration in wages. For now the Fed will keep moving on its stated path.
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There are certainly going to be inflows, the question is at what price? As time goes on, it will become a little more difficult to attract foreign funds. That's another way of saying the dollar will fall.
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