The single most significant number is the inventory number. The rebuilding of inventories hasn't even started yet. When they do, it will be a major source of additional stimulus to the economy.
More Quotes from 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
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.
David Kelly
On average, both the quantity and quality of employment are improving. But the evolution of the modern economy has resulted in an hourglass effect where the middle is getting squeezed. Individuals are either moving up or down but finding it hard to hold their ground.
David Kelly
We hope a review of these cases will jog the memory of the people.
David Kelly
The economy is getting better. The Fed is the most competent authority to rule on that, to tell investors, consumers and businessmen that this expansion is under way. And I think they should do that.
David Kelly
This is a slight move away from the Fed's completely balanced view of the world on inflation but I don't think they will accelerate the pace of tightening, ... There is a little more fear of inflation but the fact that the Fed kept measured tells me they are comfortable with the path they are on.
David Kelly
Readers Who Like This Quotation Also Like:
I played Othello, but I didn't sit around thinking how Laurence Olivier did it when he played it. That wouldn't do me any good.Denzel Washington
If you are first you are first. If you are second you are nothing.
Bill Shankly
All stories should have some honesty and truth in them, otherwise you're just playing about.
Nigel Kneale