Consumers may have throttled back a touch in February, but given the weather and all they had spent the previous few months, we cannot conclude that consumption is faltering.
More Quotes from Joel Naroff:
With consumers spending a little less and business investment likely to slow, that will translate to a bit slower growth for factories.Joel Naroff
We need more jobs. It is accurate to say that job growth has returned, but it is not at an acceptable level, ... We need over 200,000 a month to feel good about the sustainability of the expansion. That may be coming, but it is not here yet.
Joel Naroff
This is it for the major data this year and only the window-dressers will likely care. And their moves are for show and dough, not for fundamental reasons.
Joel Naroff
There is no inflation, as long as you are buying computers and motor vehicles, but for everyone else, the situation is not that pleasant,
Joel Naroff
Katrina will be more of a positive for manufacturing demand as time goes by. There's so much that's needs to be replaced and that demand would never have existed without Katrina.
Joel Naroff
While the rise in core wholesale prices was a bit higher than expected, inflation is not a worry as productivity gains will overwhelm the modest increase in input costs,
Joel Naroff
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Based on Topics: Weather QuotesBased on Keywords: throttled
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