It's as good as it gets. You've got low inflation, minimal wage pressure, great productivity, booming growth and strong demand.
More Quotes from David Resler:
A reading as high as 58.5 is consistent with an economy that is growing at a healthy pace. We see encouraging signs of moderating prices, although the vast majority of purchasing managers seem to be facing higher prices.David Resler
While it's true that capacity use rates are very low, it's also true that much of that capacity has been rendered obsolete by technological advances and that replacement of capital is faster than it used to be. So a lot of businesses may feel they have little choice but to spend, if they want to preserve their competitive edge.
David Resler
It's going to take a lot more than one month to convince me we are in a worrisome trend.
David Resler
The dollar's still strong against the Chinese currency and China continues to expand its capacity to flood the world with consumer goods.
David Resler
I think we can look to several more months, if not years, of this kind of performance. This is a terrific inflation report - exactly the kind of thing we all like to see.
David Resler
All of this, in terms of the FOMC becoming data dependent, comes as no surprise, and the new Fed chairman has an open agenda from which to work.
David Resler
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