With the war over, energy prices declining, and fiscal and monetary stimulus already pumped into the system, I'm with Alan Greenspan in expecting that the economy now will begin to perk up.
More Quotes from Bill Cheney:
There really is no inflation at the wholesale level.Bill Cheney
It's still the same story, that there really is no inflation problem at this stage of the cycle.
Bill Cheney
When demand does start to rebound, the Fed will have to deal with the delayed effects of a year of aggressive monetary stimulus. Short-term rates will almost certainly have to rise faster and farther than seems credible today. Of course, this is a problem that we now feel we would enjoy facing.
Bill Cheney
With the tide turning on job growth, consumer sentiment going into the holidays is far better than last year, even if it's not quite happy days are here again.
Bill Cheney
This is a perfect jobs report. Job growth slowed significantly and there are absolutely no signs of inflation. Greenspan may be pulling off what once seemed impossible two soft landings in one economic expansion.
Bill Cheney
The bottom line is, any number over 50 is encouraging. The fact that it's a little less than the consensus was expecting I don't think is that big of a deal.
Bill Cheney
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