If we'd had a substantial decline in the dollar against the Chinese currency we'd have probably seen a substantial rise in the price of some of the items that we buy from China.
More Quotes from Gary Thayer:
If you put the two months together it still looks as if retail sales were strong at the beginning of the year -- an average increase of 0.8 percent for each of the two months.Gary Thayer
If unemployment continues to decline and the economy grows at an above-average pace ... I think they (the Fed) will be a little more concerned about bottlenecks.
Gary Thayer
The housing market is cooling off, but not too much, and inflation looks relatively benign.
Gary Thayer
It still shows a pretty healthy economy at this point. The manufacturing side of things and business spending will be good this year.
Gary Thayer
I think it's good news for the economy. When you take away the GM strike and average last month's figures with this month's, you see employment growth at moderate levels, which is good for sustainable growth.
Gary Thayer
The big number is the employment number on Friday. If that number comes in weak for the third consecutive month, views on the Fed are likely to change significantly.
Gary Thayer
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