Those who fear deflation thought they were watching a horror flick this morning when the PPI was reported as falling 1.9 percent in April,
More Quotes from Brian Wesbury:
When we have such great inflation news, it's not necessary for the Fed to raise interest rates. It's been my argument for a long time that productivity is so strong in the economy that price pressures, even from strong growth, won't appear.Brian Wesbury
The Fed is going to have a very difficult decision, and I think a lot will depend on what some other numbers on the economy will do and what the stock market does.
Brian Wesbury
All of a sudden, this mystery of strong growth and low inflation doesn't seem such a mystery any more. This is exactly what the new economy is all about.
Brian Wesbury
This number is a one-month number. I would really be hesitant to make a trend out of this. If you strip out oil, these numbers do not look so bad and, especially in the producer price area, prices are still falling and this tells me that the pipeline does not have inflation in it.
Brian Wesbury
Business investment is on the rise, manufacturing activity is gaining momentum, and sustained job growth is just around the corner.
Brian Wesbury
When we look at these numbers today, I don't think it's going to cause the Fed to move at all. Inflation is still low...the job market is growing moderately.
Brian Wesbury
Readers Who Like This Quotation Also Like:
Ignorance is not bliss, but in my case, that was.Victoria Principal
This submission is a restraint of liberty, but could be of no effect as to the good intended, unless it were general; nor general, unless it were natural.
Algernon Sydney
Inner space is so much more interesting, because outer space is so empty.
Theodore Sturgeon