This is one reason why recent labor numbers were lackluster, ... Accelerated deprecation put a thumb on the side of the scale in favor of increased capital expenditures instead of hiring.
More Quotes from Barry Ritholtz:
We've got a nice snapback today. We got shellacked over the last few days, so it's not surprising to see a little bounce back.Barry Ritholtz
The big issue is decelerating earnings growth. Earnings will still be higher but the ideal time to buy stocks is when earnings go from awful to not so bad as opposed to going from great to good,
Barry Ritholtz
There is a lot of economic news to digest between now and the next meeting. If we see economic signs that are positive, then that would encourage the Fed to stay on the course of gradual rate hikes, but if things slow down then maybe they would skip a meeting or two.
Barry Ritholtz
It was a matter of time before the core rate started feeling the effects of increased energy and commodity prices, ... Maybe it's aberrational but maybe it's the start of something more significant.
Barry Ritholtz
The Fed doesn't have to jack up rates really quickly since other economic indicators are softening. Capital expenditures are modest and employment figures are anemic, so the biggest danger the Fed faces is smothering the recovery.
Barry Ritholtz
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