The risk to crops and farms won't be as significant if it loses force, ... When you look at the lessons from Katrina, the eventual damage to agriculture was less than feared. The department of agriculture actually revised up its estimates of production in the state after Katrina passed.
More Quotes from Brian Bethune:
There's so much momentum coming early into this quarter that an excellent quarter is just baked in the cake.Brian Bethune
Gains in employment and the stock market continue to support confidence. Household income is expected to grow at rates that will sustain growth in consumer spending.
Brian Bethune
Consumption spending will continue to plod ahead in the second quarter.
Brian Bethune
In terms of economic growth, the fundamentals are clearly on the side of the U.S.. We don't think there's going to be a lot of additional momentum, but even if (the dollar) treads water, it's still going to be an attractive investment.
Brian Bethune
The Fed has been kind of on autopilot here for quite a while, ... Now all of a sudden they're going to have to start doing some work. I don't think a robotic response is appropriate here.
Brian Bethune
We are expecting to see some pressure on inflation. Companies are going to take advantage of strong demand to at least cover their cost increases.
Brian Bethune
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