Consumers may have throttled back a touch in February, but given the weather and all they had spent the previous few months, we cannot conclude that consumption is faltering.
Businesses are running up against capacity constraints and have no choice but to hire, and that may bid up wages. Productivity is decelerating and inflation pressures keep creeping up.
The trade deficit, if you can still use the term deficit to describe the GDP of a small country, just keeps getting wider. This is the Energizer bunny on steroids as it keeps growing and growing and growing.
They're going to say they're carefully watching the issues in the equity markets and are prepared to act if necessary, but right now the risks remain balanced,
The data for the second quarter seem to point to a solid rebound in growth, ... That should generate improvement in profits, and hopefully the available funds will be spent on investment.
If people are willing to buy big-ticket items, the message they are sending is that they still have confidence about the future,
Basically, the new boss has the same worries as the old boss. For the markets, this cannot be good news.
It doesn't indicate that households are going to dramatically start cutting back spending, but this does tells us that consumption, at least in this quarter, isn't going to be that great,
There are seminal points in economies, and they're reached rarely, ... We reached one in the 1990s, and we will not go back to an economy that bears any resemblance to the one before.
There is an ever-growing number of homes on the market, and while the overhang is not great at the current selling pace, it could become a problem if we trend back toward more sustainable levels,