Businesses might ask for more (for consumer goods) but they won't necessarily get it, and then we'll see big discounts for Christmas, ... This squeeze will slow economic activity. The Fed needs to be very cautious how hard they take the economy downhill because it is already headed in that direction.
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Companies cannot provide gold-plated healthcare benefits and open-ended pension commitments,Peter Morici
These employment gains indicate strong first-quarter economic growth, in the range of 4 percent.
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You couldn't say the number was completely unexpected.
Peter Morici
Look for the Fed to increase rates another quarter point next week, but don't assume it will continue raising rates all the way to 3.5 percent. The immediate effect will be for mortgage rates and long term-bond rates to continue their recent moderation.
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Taken together, prospects for a reversal of recent energy price increases and the absence of other fundamental inflationary pressures indicates inflation provides no significant justification for raising interest rates further at this time.
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Were the trade deficit cut in half, GDP would increase by nearly 300 billion, or about 2,000 for every working American.
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Aristide Briand
My faith has been the driving thing of my life. I think it is important that people who are perceived as liberals not be afraid of talking about moral and community values.
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