The dollar's still strong against the Chinese currency and China continues to expand its capacity to flood the world with consumer goods.
More Quotes from David Resler:
It's the early signs of some cooling in this super-heated market. Fewer people qualify for loans and sales at these prices.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
Consumer confidence follows oil prices quite significantly. The drop in oil prices since the start of the war has had a quick and immediate impact on people's attitudes.
David Resler
We still have yet to see much evidence that any of this is translating into an inflation threat. Until it does, I don't expect the Fed to move.
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
This is not a policy of indifference. This is a policy of additional restraint. Contrary to what they say, they think the inflation threat is graver than the threat to growth.
David Resler
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