No two periods are ever identical, and we don't expect cars to sprout fins, but we do think that there's a good chance that many of the favorable economic trends of the 1950s will re-emerge in the years immediately ahead.
More Quotes from Gerald Cohen:
These numbers give you pause. The ISM and the fact that jobless claims continue to rise suggest there continues to be job loss.Gerald Cohen
The decline in inventory suggests that production will start to ramp up and should lead to a pick up in growth going forward.
Gerald Cohen
The core is up 0.3 percent over the last year, and so there really is no inflation, ... In the first year of recoveries, consumer price inflation tends to fall as it did in the past 40 years. We believe inflation should not be an issue for the foreseeable future.
Gerald Cohen
If stimulus that was passed when the economy was weak takes effect when the economy is on firmer footing, that could be more stimulus than we need.
Gerald Cohen
The claims have not been low enough to merit cheering, but the direction has been generally positive, and that's the first step.
Gerald Cohen
The Chicago PMI, along with other mixed data we've been getting, points, in my mind, to a turning point, ... But you have to be careful reading too much into this -- it's a survey of 200 firms in the Chicago area with a 50 percent response rate. I think we're at a turning point and will get a rebound, but the strength of that rebound is still in question.
Gerald Cohen
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