The report follows the recent pattern of strong growth and no inflation.
More Quotes from Stephen Stanley:
The 'economy is weakening' crew will have a field day with this report. But until we see two weak numbers in a row, I am absolutely unconvinced. . . . Disappointed Definitely. Changing our big picture view No.Stephen Stanley
It's certainly an interesting time as we bump up against levels we haven't seen in quite some time.
Stephen Stanley
The question is, How much of this feeds through all the way down the production process Do companies end up having to swallow the cost increases or can they pass it through
Stephen Stanley
The labor market is very healthy, with both jobs and wages advancing at a nice clip. This means that households will have plenty of cash to support consumption in 2006.
Stephen Stanley
The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.
Stephen Stanley
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He who controls the money supply of a nation controls the nation.James A. Garfield
There aren't any liberals left in New York. They've all been mugged by now.
James Q. Wilson
For anything worth having one must pay the price; and the price is always work, patience, love, self-sacrifice - no paper currency, no promises to pay, but the gold of real service.
John Burroughs