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.
More Quotes from David Kelly:
Productivity can act as a natural thermostat for inflation and prevent it from becoming dangerously high or low.David Kelly
What's remarkable is how little the statement changed. The one thing that is important is that the Fed has always, over the past few years, tipped its hand. But they have still not indicated that they are close to ending their tightening.
David Kelly
Outside those areas, there's just not enough money to get you there.
David Kelly
I have coached in the SEC and I have coached in the ACC, ... The SEC always had the better reputation. But with the additions to the ACC, there is no difference now. We will play the best competition in the country and that will certainly help us in recruiting.
David Kelly
I fully expect that when the Fed decides to put an end to rate hikes they will give us notice,
David Kelly
It's not a barn-burner of a job market, but it should be good enough to keep the consumer hanging in there. That winning streak is unaffected by all these numbers.
David Kelly
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