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.
More Quotes from Peter Morici:
Interest rates going up just 2 percent would do it.Peter Morici
GM's 'employee discount' promotion established GM can sell vehicles if it sets prices at what consumers are willing to pay and makes those prices clear. Unfortunately, the public is not willing to pay what it costs to make GM cars and trucks.
Peter Morici
As things currently stand, GM has too many brands, workers, managers, capacity and bureaucracy.
Peter Morici
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.
Peter Morici
If you look at the cash on hand and the market value of the stock, it means that investors' view of the company is that it has no value if you take out the cash.
Peter Morici
The debt limit will be raised no one expects otherwise. The problem here is Congress reconvenes around mid-January, and it isn't a lot of time they have to get this done. But they'll get it done.
Peter Morici
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