This is the threshold for a more rapid rise in inflation, and, as a result, credit costs. It is also the kickoff to a period of strong investment in both manufacturing and in non-residential buildings and structures.
More Quotes from Jim Haughey:
That is the question people haven't been burned for 3-4 years, and we'll have to wait until September to see if they'll blow past the stop sign.Jim Haughey
Gasoline pump prices fell by a third from early September to early December, and the Consumer Confidence Index was nearly back to the pre-hurricane level by Thanksgiving. Early reports suggest that Christmas shoppers will spend 6 percent to 7 percent more than last year.
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