I think it does complicate the rate hike picture and the near-term interest rate outlook.
More Quotes from David Rosenberg:
The question must be asked as to what psychological impact there may be from this oft-cited number ... upon consumer sentiment. The unemployment rate and inflation are the most important determinants of consumer sentiment.David Rosenberg
I thought this was the most amazing thing you could do for people.
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We are clearly in a state of economic uncertainty and the prudent thing to do in such times is to do nothing at all.
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(T)hat's not a recession-maker, but it's a pinch nonetheless - it means a little less steak and a lot more bologna, fewer outings to the nightclub and perhaps one less vacation on the cruise line (but maybe more time at the blackjack table).
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There is going to be near-term inflation. Is it going to be sustained I doubt it.
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We are excited for the opportunity to help create value for our investment partners with this new portfolio, which is located in our core market area, while continuing to carry out our mission--to provide responsibly managed apartment communities for people who appreciate superior service and exceptional value.
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