I can't imagine that these energy prices aren't elevated through the winter. We anticipate even higher prices. Companies don't want to hire ahead of uncertainty.
We are convinced that a large portion of the tax refunds that are scheduled to arrive in consumers' mailboxes in March and April will be dedicated to these exorbitant energy costs. With that, there'll be less money spent on other goods and services.
Elevated energy prices, questionable holiday spending and the rising interest rate environment are sending yellow caution flags around many corporate board rooms.
Americans are not going to be happy, but they now face considerably higher energy prices. That's going to be the norm, not the exception.
I don't think these high energy prices are going away any time soon. Consumers are pulling back.
The economy is motoring along and we are indeed creating more than a decent amount of jobs. But there are a number of hurdles that lie in our path of prosperity ? record energy prices and the economic consequences of Hurricane Katrina.