I expected our index to tick lower in March, as the effects from the Super Bowl and mild winter weather faded. Looking ahead, our index probably will settle into a lower range, as the local economy struggles to overcome restructuring in the auto sector, higher interest rates, and elevated gasoline prices.
More Quotes from Dana Johnson:
People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.Dana Johnson
The next two years are going to be a real watershed for them. They absolutely must demonstrate they can stabilize their market share, because cost-cutting is not enough.
Dana Johnson
So far, I am encouraged to see how well the regional economy has weathered the job and income losses centered in the auto manufacturing sector. Mild winter weather and the Super Bowl no doubt helped to support the economy early in 2006. As those effects f
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I'm working hard to sell this town. Just try to picture it without the tree.
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With many investors drifting away early for the Thanksgiving holiday and with the fixed income markets scheduled to close early on Wednesday, the clear potential is for some erratic price action in illiquid markets,
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The Fed is more willing to balance risks in favor of growth than it was two years ago. They really don't want to be accused of anti-growth. They want to be seen as anti-inflation, and I don't think in that light they wanted to be seen as moving ahead of inflation reports that have not shown any acceleration.
Dana Johnson
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