It fits in with the picture that the labor market is turned, inflation has turned and in a few more months they'll be tightening.
More Quotes from Bill Cheney:
Friday's report probably reduces the odds of the Fed making another move at its next meeting. This is fairly benign report it would have taken something a bit worse than this to get the Fed to move again.Bill Cheney
The retail sales number is perhaps more important than it would look at first sight. Since we're coming so close to the Christmas shopping season when most of the retail sales of the year happen, anything that represents a gauge of consumer sentiment and consumer buying patterns is going to be latched onto by the retail industry as an important indicator.
Bill Cheney
We knew that it was a wet month and that rain tends to keep people away from shopping, so I thing a large part of this is actually a weather story.
Bill Cheney
Record or near-record trade deficits spark howls of concern about the threat posed to the economic expansion, but like inflation, the trade deficit's bark has been far worse than its bite. April's deficit, another near record, simply shows that we are still importing like there is no tomorrow.
Bill Cheney
I don't believe anybody thinks this sort of productivity growth can continue. What that means is we'll soon have a lot of job growth.
Bill Cheney
By mid to late October, you're getting into the fourth quarter, and people are starting to look at their year-end results and deciding whether they can bail out now and still look good for the year. That's going to be as true now as it was (in 1987).
Bill Cheney
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I felt alienated by the experience and decided to stay away from corporate employment.
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