It shows the labor market is continuing to stabilize.
More Quotes from Jay Bryson:
Although little should be made of one month's data, the smaller pace of import decline in November is consistent with other recent data that suggest that U.S. economic activity may be stabilizing.Jay Bryson
I look at all these other indicators and say none of the others are showing recession. If he's going to make a mistake, it's going to be on being too hawkish.
Jay Bryson
It's not just China, it's not just oil. We spend more than we produce, end of story.
Jay Bryson
That sliced off about a half a percentage point in growth.
Jay Bryson
The March CPI data, taken in isolation, likely will have very little impact on near-term Fed policy,
Jay Bryson
A 30 percent appreciation of the yuan over the next year could be a destabilizing blow to their economy. That could lead to political upheaval. I don't know if at the end of the day you want that. And whether it's Wal-Mart or old line U. S. manufacturers or Silicon Valley, there are a lot of U. S. businesses that depend on low-priced Chinese inputs.
Jay Bryson
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