You haven't heard one story in the last ten months, 12 months, of any company saying, hey, we have intentions of hiring. We're going to be hiring. No company has said that.
More Quotes from Richard Yamarone:
By historical comparison, theres not an economist on the street that can call housing weak right now. If this is the soft patch, its pretty darn good for a soft patch.Richard Yamarone
We are going to have a winter of discontent.
Richard Yamarone
The sentiment I get from the Beige Book, along with listening to quarterly earnings conference calls, and just the general tone of my conversations with people who have their fingers on the trigger of hiring, say companies are just not doing much of it.
Richard Yamarone
We already knew that economic growth in the fourth quarter was depressed. The pace of economic growth in the first quarter may be three times as fast, generating a lot of momentum as we head into the summer.
Richard Yamarone
I can't imagine that these energy prices aren't elevated through the winter. We anticipate even higher prices. Companies don't want to hire ahead of uncertainty.
Richard Yamarone
There's only so much a Fed rate hike can do to thwart an inflation threat that's predominantly driven by oil prices. Raising the fed funds rate won't stop people from speculating about higher oil prices,
Richard Yamarone
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