It's now evident that the US economy is headed for a very brisk first-quarter growth pace, with our above-consensus 4.8 percent real GDP forecast looking, if anything, too conservative.
More Quotes from Avery Shenfeld:
Looking only at 'affected areas' could understate the storm impacts, due to linkages between ports and more distant facilities.... we know that jobless claims have fallen off sharply as we moved past the storm impacts, another hint of underlying labor market vitality.Avery Shenfeld
It's pretty clear after (stronger than expected) third quarter GDP numbers they are going to hike in December, and the odds of a hike in January are rising, but they could still take a pause in January if core inflation doesn't heat up,
Avery Shenfeld
All told, a fairly strong reading that will only buttress the Bank of Canada's case for remaining hawkish.
Avery Shenfeld
These confidence surveys are reflecting what people are reading -- that the economy is not creating jobs. It doesn't mean that people are not spending.
Avery Shenfeld
If markets felt the Bank of Canada was going to press on with rate hikes after the Fed stopped, that could fuel an overheated Canadian dollar, providing too much of a braking force on exports.
Avery Shenfeld
This was a month in which a number of one-time events conspired to mask the true strength of the economy.
Avery Shenfeld
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Based on Topics: Conservative QuotesBased on Keywords: above-consensus
I believe in benevolent dictatorship provided I am the dictator.
Richard Branson
Friendship is something that creates equality and mutuality, not a reward for finding equality or a way of intensifying existing mutuality.
Rowan D. Williams
I felt so painfully isolated that I vowed I would get revenge on the world by becoming a famous cartoonist.
Robert Crumb