We still believe that the recession will persist through the winter, mainly because major job loss looms ahead in order to restore profit margins.
More Quotes from Bruce Steinberg:
He is extremely optimistic on technology, its impact on productivity and the benefits it has to our economy. We believe Alan Greenspan does not see any burning need to further tighten policy, assuming the economy is slowing as it has been indicating so far.Bruce Steinberg
As the job market gradually improves, it should easily support consumer-spending gains of at least 3.5 percent this year.
Bruce Steinberg
I thought the job report confirmed it. I thought it depended on today's data.
Bruce Steinberg
The stronger the productivity, the more likely profit margins are to widen, and there's less inflation pressure.
Bruce Steinberg
We don't expect the Fed to tighten anytime soon. The first tightening move is unlikely to occur before late summer at the very soonest.
Bruce Steinberg
And the signs since the fourth quarter suggest growth picking up in the first quarter more strongly than most people had anticipated. So I would say the recovery is here.
Bruce Steinberg
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Based on Topics: Winter QuotesBased on Keywords: looms
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Like Prince von Bismarck in diplomacy, I have no secrets.
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Here in England we live at a slower pace, have more time to enjoy things - like good jazz.
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