Price pressures are building generally throughout the economy. |
Productivity will be stronger in the first quarter, but the trend is still toward moderating growth this year. |
Right now, [spending] is running at a roughly 1.5 percent pace and may not hit 2 percent for the quarter, ... But with income available, it would be surprising if consumption does not pick up. |
should not pressure the Fed into raising rates at more than a measured rate. |
Slowly, but inexorably, inflationary pressures are building across the economy. |
So far, the cracks in the housing market are not that great, but with inventories skyrocketing, that may not last long. |
Some people are being turned off by the high house prices and they just can't pull the trigger. Without question that's causing some people to think twice about buying. |
Spending on equipment was the strongest since the last irrational exuberance of the dot.com boom in early 200. |
That holds out hope that production can be maintained. |
The ... report makes it clear that, without the treats given to us by tax cuts and low interest rates, consumers are on their own, ... Let's just hope they don't trick us and slow spending sharply. |
The [property] sector is coming back to earth. The only question is will the parachute open or will there be a very hard landing? |
The change was minimal and does not affect the general impression that the economy was in fine shape heading into the summer. |
The confidence of consumers is going to be related more to the issue of terrorism and war than to anything fundamental, ... If things turn, that'll turn confidence, and that'll stop the downslide very quickly. |
The confidence of consumers is going to be related more to the issue of terrorism and war than to anything fundamental. If things turn, that'll turn confidence, and that'll stop the downslide very quickly. |
The consumer is spending money, but not at any great pace. We still are looking at a sluggish fourth quarter for consumption. |