The survey was taken in a dark week immediately after Katrina. The images (in the media) were of the type that don't makes us confident about anything.
More Quotes from Carl Tannenbaum:
While auto sales make up a small share of GDP, they make up a big share of the change in GDP, ... As you see changes in the auto industry, it will contribute to headline economic growth numbers.Carl Tannenbaum
We've been able to achieve great things amid great challenges- including the stock market crash of 1987, the bursting of the stock bubble in 2000, two wars and the September 11, 2001, terror attacks. Alan Greenspan might be thought of as our most valuable economic player.
Carl Tannenbaum
We're trained to think that rapid growth after six years of expansion is finally going to kick prices up a little bit, but in fact they're going in the opposite direction,
Carl Tannenbaum
All three of the Big Three automakers have been increasing the amount of their production planning, ... We're also seeing a little kick-up in overtime hours. Even if demand tapers off, they'll need to get production going to get inventories to more normal levels.
Carl Tannenbaum
Frankly, I think that's healthy. Property has gotten so expensive, maybe people are getting a little bit of sticker shock.
Carl Tannenbaum
This economy has a lot of momentum and seems intent on challenging the Fed to keep in under control. Inflation is a real risk here after six years of expansion. The Fed perhaps is taking the first step, a down payment if you will, to try and keep that under control. But it may take more than what we saw yesterday.
Carl Tannenbaum
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I think I am very mainstream - I'm committed to good works in my life.
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