The longer Congress delays helping the economy out, the longer the economy will remain weak.
More Quotes from Gary Thayer:
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.Gary Thayer
It looks like consumers are feeling at least better about the current situation. But I still think there is a lot of uncertainty about the future. The geopolitical news is not very comforting.
Gary Thayer
This may help increase the inflation-fighting credibility of the Fed before we replace the chairman.
Gary Thayer
Looking back, it is understandable why the Australian and New Zealand currencies peaked in early 2005. That was about the same time that the demand for crude oil also started to moderate.
Gary Thayer
Confidence is up again -- to the highest level in over two years. Consumers are feeling better not only about current conditions, but also about prospects for the future.
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
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