Like the rest of us, business leaders cannot figure out what will happen if war breaks out, and making business plans in such an unclear environment is quite difficult.
More Quotes from Joel Naroff:
Given the condition of housing, Fed policy-makers will not panic if they see a low GDP growth rate in the fourth quarter.Joel Naroff
The trade deficit may have narrowed in February but it is hardly clear that this is the start of a long downward trend.
Joel Naroff
Housing added solidly to growth last year but don't expect that to be repeated this year.
Joel Naroff
The numbers we're getting all indicate that the economy has maintained a large amount of momentum and that's obviously a concern to the Fed and will likely force their hand.
Joel Naroff
Now, if we can get a really good employment growth number on Friday, something I think is a real possibility, even that enigmatic curmudgeon who controls monetary policy might start to lighten up a bit,
Joel Naroff
If they cut by 50 basis points, we may also see some movement down in the rest of the yield curve, ... If they cut by 25 basis points, I don't think it shows up in the rest of the curve.
Joel Naroff
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