We've been able to achieve great things amid great challenges- including the stock market crash of 1987, the bursting of the stock bubble in 2000, two wars and the September 11, 2001, terror attacks. Alan Greenspan might be thought of as our most valuable economic player.
In the thinking of most analysts, based on the fundamentals, there certainly is enough out there that the Fed should keep going, at least at this meeting.
Foreclosure depresses an area in a variety of ways.
Hiring was cautious in October. Aside from companies not being able to operate because of the hurricanes, many businesses might have been in a state of suspense as they assessed damage to their operations and to the economy that might have resulted from these storms.
Households and corporations are still very active and are creating economic momentum, which is tremendously encouraging news for the economy. The only dark cloud comes from the news on prices, which are going up.
Eighteen years of excellence has earned Greenspan the benefit of the doubt when blame is being allocated.
We're trained to think that rapid growth after six years of expansion is finally going to kick prices up a little bit, but in fact they're going in the opposite direction,
There are a lot of cross currents out there ... but overall the report suggests the job market is still doing pretty well.
After all the negative news about our trade position, our fiscal problems, our currency, our inflation rate and the Fed's credit-tightening program, long-term rates remain very, very low.
It's certainly surprising. I mean, all of the recent news suggested that we're going down a slippery slope toward a slower economic time.
