We have not seen any inflation yet, but what we have heard is an inordinate number of price increase announcements in the third or fourth quarter, but they were not supposed to take effect until Jan. 1.
More Quotes from Richard Yamarone:
Now it's time to pay the piper and get this deficit back down to more manageable levels, and I believe the president's budget will address these issues,Richard Yamarone
So we don't get the gold medal in housing this year we have to settle for the bronze. There's still plenty of demand for housing in the U.S., even with the higher mortgage rates.
Richard Yamarone
Every piece of economic data we have received over the last six weeks is showing signs of higher inflation that threatens to erode economic growth. The after-shocks of the hurricanes may be longer and deeper than many now believe.
Richard Yamarone
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.
Richard Yamarone
I don't think these high energy prices are going away any time soon. Consumers are pulling back.
Richard Yamarone
But analysts noted many market participants choose to remain sidelined until the release of Friday's key employment data. Friday's payroll number is critical, ... Not too many people are willing to take large positions ahead of the number.
Richard Yamarone
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