We're just now realizing how badly off the economy was in the second quarter, ... The wider trade gap, along with the weakness we saw in the business inventory numbers that came out this week and weaker construction spending, will probably result in a second-quarter revised GDP number that will be zero or even slightly negative. It will be an eye-opening number, but it's no more worrisome than what we've seen.
Overall this year the economy moved past the bursting of the stock market bubble. Tech companies finally started growing again and that's really benefited the Triangle.
Demand in the U.S. economy is reasonably strong and retailers are probably optimistic about the holiday shopping season so they are starting to order from abroad now. The trade deficit is going to take some time to turn around. It may not happen until next year.
That tells me not only is the global economy not strengthening, but it's getting weaker.
Alabama wanted to diversify its economy, and it paid up to do it.
This is another affirmation that we've gotten over the shock of the hurricanes and the economy is back on track to where it was before.
All of Florida is doing well. Its economy is outperforming the nation by the largest margin in recent memory. You'd be hard pressed to find a weak area anywhere in the state.
They rely on a lot of other things. When you look at economy in its totality, virtually everything is stronger than the employment data.
Consumers are fairly worried about the economy. ... I think the holiday season is going to be ho-hum,
it's somewhat surprising how resilient the economy has been, despite higher energy prices.
They are trying to transform their economy. Georgia is trying to improve its economy.
The Miami economy is the strongest it has been in my memory as a professional economist, which goes back 22 years. International trade is booming. Population growth is strong. And all that growth is creating tremendous demand for services.
In the end, we can work this out. It is $200 billion in spending for a $12 trillion economy, ... It's just a matter of how we finance it, not whether or not we can afford to do it.
I really can't recall a time in history when the Florida economy was as strong as it is today.
The economy should bounce back solidly in the first quarter.
The economy seems to be getting over the bursting of the tech bubble. It finally appears that the Triangle is firing on all cylinders.
The leadership in the economy is going to shift from housing and consumers to businesses. There's nothing unusual about that. It's healthy.
The jobless recovery is well behind us. The economy right now is not really in a recovery mode, it's in a boom mode. Companies are going to be hiring out of fear if they don't, they lose an opportunity to make more money.