With this kind of income growth, the consumer has room to run. This tells us we don't need to worry about the first quarter.
More Quotes from Drew Matus:
The overall number does suggest modest amounts of strength, but nothing necessarily that gets me too excited.Drew Matus
Growth is picking up in the labor market. People are returning to work, working longer hours and making more money. This shows that the economy is healthy. Fears of a soft patch were overblown.
Drew Matus
The Fed keeps trying to walk the middle course, and unfortunately that gives ammunition to people who think the Fed should be raising rates more and ammunition to people who think the Fed should be done.
Drew Matus
There seems to be a fight about every nomination that Bush puts up. But even if it was a 51-49 vote, it's not like they can recall him.
Drew Matus
His speeches are well thought out. After Greenspan, he's the one whose comments are most closely watched by the markets.
Drew Matus
The market liked what it didn't see. The market got itself worked up about the Fed possibly being more aggressive about inflation and when that didn't appear in the minutes, investors then focused on a relatively benign view of inflation.
Drew Matus
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