It's one of many indicators the Federal Reserve is watching, and it just adds to the general picture of an exuberant -- of a very, very strong economy indeed.
More Quotes from Robert Heller:
If you look forward you have to turn consumer confidence around to keep the economy on an even keel. In a zero-growth environment, you need action now. Anything you provide later on is too little too late.Robert Heller
The (stock) markets have basically ignored the 1-percent-plus increase in the fed funds rate over the past year, ... The fixed-income market where these companies do their borrowing has not as yet responded as effectively as the Fed may have liked.
Robert Heller
We're in discussion at the moment.
Robert Heller
Never ignore a gut feeling, but never believe that it's enough.
Robert Heller
Most people don't manage to the utmost of their ability because they don't want to.
Robert Heller
What is called for at the present time is prudence in fiscal policy and a continued application of the brakes in Federal Reserve policy. That's the policy that will get us into a future that where we see continued growth and very moderate inflation.
Robert Heller
Readers Who Like This Quotation Also Like:
My God... What are the headlines going to be like on Monday if the Yankees don't make the playoffs?Wade Boggs
Sometimes I like to play the soundtracks to famous musicals so we can all sing along. South Pacific is one of my favorites. Our neighbors must hate us.
Louise Brown
It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.
Ronald Reagan