The industrial production number is the benchmark -- other surveys, while they're good, pale in comparison to the strength this indicator has.
More Quotes from Richard Yamarone:
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.Richard Yamarone
The labor market is very healthy. The most important economic indicator for the average person is their job. As long as people are working, they're earning and that's offsetting a great deal of the pain from record prices at the pump.
Richard Yamarone
For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.
Richard Yamarone
This is good news. For all intents and purposes, this is really good data. Some equities should rally on this.
Richard Yamarone
Consumers are partying like it's 1999, ... They are celebrating their full-employment status and they are spending. The punch bowl is only spiked with 1-12 percent inflation, which isn't anything.
Richard Yamarone
Make no mistake about it. Inflation is building in the pipeline. It is no longer a matter of if, but when, those price pressures will start to affect the general price level.
Richard Yamarone
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