With slower hiring, and indications that hiring might remain soft in the months ahead, the economy could struggle, setting up a self-fulfilling prophecy.
More Quotes from Ken Goldstein:
Both investment and hiring intentions reflect a level of caution over both pricing and profit strategies.Ken Goldstein
Consumer spending remains the mainstay of this weak economic recovery. With tax cuts enacted, the consumer is likely to continue hanging in there, ... But a real recovery, including a slowdown in layoffs and the opening of new jobs, is far more dependent on recovery in (business) investment than on stronger consumption growth.
Ken Goldstein
The performance of the leading index is suggestive of continued momentum or growth in the spring.
Ken Goldstein
The Leading Economic Index suggests that this period of slower growth will probably continue for the next few months.
Ken Goldstein
Consumer income remains very strong and now there are bargain prices for a lot of new products that are just coming out to the market, big new computers, new DVD audio equipment,
Ken Goldstein
The storms and flooding, and now the rebuilding and dislocations in the Gulf Coast area, are taking place in a weakening national labor market.
Ken Goldstein
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