We're at the stage of the business cycle where statisticians can't keep up with rapidly changing developments, especially new businesses. That's where the greatest potential for an upward revision is.
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
People don't seem to be so concerned that they're unwilling to commit future income to such purchases. The fact that people are willing to do that speaks much louder about consumer attitudes than what they tell some survey.
David Resler
The Fed is without question, especially in light of the behavior of the stock market, focused with laser-like scrutiny on consumer confidence.
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
The job picture is as bad as it's been in the past 18 months. I don't think we can find enough special qualifying factors to give us an increase in payrolls.
David Resler
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Statistics QuotesI sometimes think God allows Great Britain to be unprincipled for the good of mankind.
Julia Ward Howe
A painting is like a man. If you can live without it, then there isn't much point in having it.
Lila Acheson Wallace
Imagination is the air of mind.
Philip James Bailey