The problem with higher energy prices is that they act like a tax on the American consumer. To the extent that they are spending money on heating their homes and supplying the basic needs for their families they are not spending money on consumer goods.
More Quotes from Drew Matus:
People are trying to figure out how serious (the report) Homeland Security doesn't have anything on its Web site.Drew Matus
Ferguson is very operationally oriented. I think that's a role the Fed needs, but I'm not sure that's what administration is looking to put into the top spot.
Drew Matus
An extraordinarily weak figure for August. As a result, we are lowering our Philadelphia Fed survey forecast to 18.0.
Drew Matus
Nobody's going to default in the U.S. Treasury market. The biggest concern I have is that not everybody understands that, and some people understand it better than others.
Drew Matus
We've got some good news in this report but it's likely to be short-lived. We can expect the large trade deficits we've come to know to continue for the rest of the year.
Drew Matus
The data today suggests that there was only a temporary pause in this sector and that we can expect more growth going forward.
Drew Matus
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Based on Topics: America Quotes, Business & Commerce Quotes, Tax QuotesAs the class struggle sharpens in the U.S. Marxism will come into its own as a great popular study.
C. L. R. James
It's a great relationship when you can work with the person who you consider to be your soul mate.
Rick Derringer
Perhaps, after all, America never has been discovered. I myself would say that it had merely been detected.
Oscar Wilde