Manufacturing is not a majority of the labor market any more, but I would expect services will continue to show the trend growth.
More Quotes from Jeoff Hall:
What we take away as significant is a slightly bigger drag on first-quarter GDP as a result of the revision to March and starting off the second quarter with lackluster trade, which would exert a higher drag on GDP.Jeoff Hall
I think there's gong to be hurricane effect for next couple of readings. It's not just Katrina and Rita. Hurricane Wilma was causing evacuations, business closings in October.
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The market is looking for 50 basis points and they have it priced in. Either the market has it wrong or the academics have it wrong, but either way next week's economic numbers will be crucial.
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Based on Topics: Labor Quotes, Majority & Minority QuotesThere's no drugs, no Tom in a dress, no psychiatrists.
Nicole Kidman
The world turns aside to let any man pass who knows where he is going.
Epictetus
Don't worry about it. It's just a bunch of guys with an odd-shaped ball.
Bill Parcells