Firms should be experiencing significant easing in cost pressures as the weak commodity prices are adding to the strong productivity gains, which are keeping labor costs down. Now if demand would only pick up a bit, the earnings would go right to the bottom line.
More Quotes from Joel Naroff:
Business tax cuts may save the corporate bottom line a little bit, but they will neither induce new investment nor increase production, ... Only a rise in spending will do that.Joel Naroff
The euphoria over the third quarter will probably be replaced by concern over the fourth quarter. We've begun to transition to more moderate growth, and that's what we'll see the first half of this year. It will be a stepped-down pace, not a collapse.
Joel Naroff
The stunning drop in import and export prices in October is the clearest indication that economies around the world, not just in the United States, were hit hard by the Sept. 11 tragedy.
Joel Naroff
Is this cause for alarm Hardly. Be like Alfred E. Newman (the Mad magazine character) and don't worry, ... The underlying measures are actually quite good.
Joel Naroff
My view is these guys are out there, they have got some good weather, they have seen some cancellations. They want to get these things in and closed, try to get them into the hands of people as soon as they possibly can.
Joel Naroff
For the average person, the good news is that wage gains are beginning to pull even with inflation and may over the course of the year pull ahead. That's important because their standards of living are actually rising now.
Joel Naroff
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For hostile word let hostile word be paid.Aeschylus
Bore children, and they stop reading. There's no room for self-indulgence or showing off or setting the scene.
Mark Haddon
My books were always full of ink blots, always stained and covered with smeared sketches and pictures, which one draws idly when his attention wanders from his task.
Pierre Loti