It is not a big surprise, some of it is kind of a backlash to this saw-tooth pattern that we have seen in durable goods in the past -- July was weak and August was very strong and now September is relatively weak.
More Quotes from Alan Ruskin:
Up until recently, oil price hikes have offset disinflation. This time around, we're in a situation where inflation is starting to peek its head above the parapet, and policy makers will see it more as an inflation threat, ... That's problematic -- if they have to start reacting to higher inflation pressures by raising rates, that does slow the economy down.Alan Ruskin
The economy is generally slowing for a wide variety of reasons -- energy is one, but also the stimulus is wearing off.
Alan Ruskin
I think the only clear sign that would really tell you that inflation should be rising at this point is, of course, the rise in hourly earnings, ... But at this stage, from what we've seen, corporations seem to be taking it in terms of lower profit margins and, therefore, not necessarily pushing up prices.
Alan Ruskin
The labor market has not accelerated to the extent one might expect, judging from past cycles, and we probably won't see evidence of it again in the December numbers.
Alan Ruskin
It's been such an erratic number of late that it's pretty tough for the market to trade on it,
Alan Ruskin
Readers Who Like This Quotation Also Like:
Based on Topics: Past QuotesI'm sick of making bloody history.
Patrick Rafter
I suppose everyone tells little white lies. Quite often they're necessary to make someone feel better or prevent feelings from being hurt. Whoppers? No, that's dangerous and they'll boomerang.
Richard Chamberlain
In the early days I had a very black-and-white view of everything.
Cat Stevens