Productivity can act as a natural thermostat for inflation and prevent it from becoming dangerously high or low.
More Quotes from David Kelly:
How you view the job market depends on perspective, and that perspective is very different across different industries, different regions and different income groups.David Kelly
One thing that's clear is that the Fed is determined to still seem balanced. The minutes will reflect a little more inflation concern and a little more concern about the economy but no deviation from the measured pace.
David Kelly
There's clearly a lack of interest in investing while the economy works through these Katrina issues, ... We need to get a clearer sense of when gasoline prices are going to come back to normal. When I talk to retail investors, a lot are frozen by the level of uncertainty those issues create.
David Kelly
It generally takes a few months after GDP growth such as we saw in the third quarter before that turns into strong growth in employment.
David Kelly
The reason spending dropped in January was a big fall in auto sales. I don't think this tells us much that's new -- it's consistent with an economy still growing in second or third gear.
David Kelly
It seems like there are more wants since the hurricane. People can only give so much.
David Kelly
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Stendhal
Bourgeois class domination is undoubtedly an historical necessity, but, so too, the rising of the working class against it. Capital is an historical necessity, but, so too, its grave digger, the socialist proletariat.
Rosa Luxemburg
I know that one of the distinguishing things was I looked like I could hold a gun, even though I'd never held one before and I'm physically able to do the martial arts and all that stuff.
Yvonne Strahovski