Now when people start to put together the pieces, it sure looks like the damage done to the financial markets from deflation around the world and a Fed that's too tight is beginning to rear its ugly head.
More Quotes from Brian Wesbury:
It will lead to an increase in stock market value, which will help bring initial public offerings back into market, along with merger and acquisition activity, which has been sorely missed in past two or three years. That added financial market activity comes along with a lot of real economic activity as well.Brian Wesbury
Almost every indicator we have says that inflation is going to be less than 1 percent this year. That means that the 5.5 percent Federal Funds rate is too high.
Brian Wesbury
Data are pointing to very strong growth in the fourth quarter. The pessimistic viewpoint, which has seen its grip on reality slip to the last knuckle in the past few months, is now holding on by its fingernails.
Brian Wesbury
If you put yourself in his shoes, he's never had a greater value in the marketplace than today. Every day the value of that ... diminishes.
Brian Wesbury
Real GDP in the third quarter and into the fourth will clear 4 percent, ... The economy has recovered after the war very strongly.
Brian Wesbury
The numbers we've seen over the past few months have to make them feel better about their stance in monetary policy. It will allow them to remove some of the pressure they feel to maybe raise rates, and in effect move toward lowering rates.
Brian Wesbury
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