Even if consumers pull back a bit, just rebuilding those inventories will add a lot of growth. We will see a shift to business spending from consumer spending in the fourth quarter, and when that occurs, it will be quite healthy.
More Quotes from David Kelly:
This is a classic case of the labor market lagging. We're going to see weakness for another few months, but the pace of the growth of the economy is going to help the job market. We are busting out of recession here. This is not a mild rebound.David Kelly
A lot of American businesses are still fighting the last recession as opposed to gearing up for the next expansion. That process could take a few months, so we could still see some ugly numbers from the labor market for another month or two.
David Kelly
It was a brave goal, a fantastic goal. According to the medical people Brett didn't know much about it but he'll be OK.
David Kelly
Katrina will raise inflation and cut profits, but only for a short period of time. On balance, it will hurt economic growth also, but we still cannot tell with assurance by how much.
David Kelly
The economy is strong but not too strong. The right thing for the Fed to do is stay on track and raise rates 25 basis points. Any deviation from the measured pace is a mistake.
David Kelly
One of the biggest upward revisions was to investment spending on equipment, exactly the area we're worried about. That grew marginally, and that's the start of something.
David Kelly
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Based on Topics: Health QuotesEvery step of life shows much caution is required.
Johann Wolfgang von Goethe
Sometimes I wonder if we shall ever grow up in our politics and say definite things which mean something, or whether we shall always go on using generalities to which everyone can subscribe, and which mean very little.
Eleanor Roosevelt
My 2005 calendar we actually did a shoot in Lake Las Vegas. Since I had requests do some swimwear and athletic shots we tried them and they came out good so we inserted them into the new calendar.
Natalie Gulbis