The decline in new home sales in January makes it clear that there is some real softening in the housing market.
More Quotes from Joel Naroff:
With such a stark difference between goods and services inflation, the issue is 'Can the Fed do anything about the surge in services prices' ... Can monetary policy limit the rise in medical care or education or tobacco prices Probably not.Joel Naroff
if we have a financial crisis of one form or another, do we have the confidence that this person has the experience to handle it well
Joel Naroff
They're giving a few more dollars to people who have home equity credit lines, which is really about the only place left where the Fed is helping. We're really not talking about a whole lot of impact.
Joel Naroff
While the rise in core wholesale prices was a bit higher than expected, inflation is not a worry as productivity gains will overwhelm the modest increase in input costs,
Joel Naroff
We had a pretty good year this year. If we look out and ask, 'Can we sustain the gains that we made' I think the answer is, more likely, yes. If we do as well in 2006 as we did in 2005, we should be very pleased.
Joel Naroff
Businesses are running up against capacity constraints and have no choice but to hire, and that may bid up wages. Productivity is decelerating and inflation pressures keep creeping up.
Joel Naroff
Readers Who Like This Quotation Also Like:
I've never tried to manipulate my image.Alan Alda
Russians can give you arms but only the United States can give you a solution.
Anwar Sadat
People who think dying is the worst thing don't know a thing about life.
Sue Monk Kidd