I think the worst is yet to come. I expect their market share to continue to shrink and their balance sheets to become more troubled.
More Quotes from Peter Morici:
This visit is key because it will determine the line they will take in the report. The president is trying to find a way to avoid branding China as a currency manipulator.Peter Morici
This moderate wage growth should dispel any notions the Fed may hold (that) labor markets and spiraling wages could reignite inflation.
Peter Morici
The Fed will increase the federal funds rate to 4.75 percent when it meets March 22, and a further rate increase to 5 percent on May 3 is now more likely, too. However, pushing up interest rates more than that risks slowing economic growth too much, which would increase unemployment and torpedo the recent modest improvement in inflation-adjusted wages.
Peter Morici
Clearly, inflation poses no real threat, but overly aggressive Fed interest-rate policy could torpedo the economic expansion.
Peter Morici
The national consequences of Hurricane Katrina will be much broader and deeper than initially estimated by economists, including this one,
Peter Morici
A trade deficit like this is unacceptable, ... It lowers our GDP growth.
Peter Morici
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