If stimulus that was passed when the economy was weak takes effect when the economy is on firmer footing, that could be more stimulus than we need.
More Quotes from Gerald Cohen:
I don't think the confidence measures tell you that much about what the consumer is going to do. I always tell people to look at what consumers do and not what they say.Gerald Cohen
The claims have not been low enough to merit cheering, but the direction has been generally positive, and that's the first step.
Gerald Cohen
Business intelligence is not just about turning data into information, rather organizations need that data to impact how their business operates and responds to the changing marketplace.
Gerald Cohen
I think the Fed is on hold tomorrow and for the foreseeable future. We've actually been proponents of the view for quite a while that the economy was going to moderate, and it was important for the Fed to be patient. And one of the dangers was if the Fed kept raising rates, that they would slow the economy a lot more than they would want. So we think that there are enough signs of moderation that the Fed will remain on hold, and we think that signs of moderation will continue. So we think the Fed will be on hold through the end of this year and into early next year.
Gerald Cohen
We're talking about the difference between a little below and a little above, but the number is consistent with the view that we're going to see payrolls flat to lower in August.
Gerald Cohen
My favorite indicator - my deserted island variable, meaning this is what I'd ask for if I were on a deserted island - is the Treasury yield curve. That's telling you we're expecting very strong growth over the next four quarters, albeit in the second half of next year.
Gerald Cohen
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