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,
More Quotes from Joel Naroff:
This report tells the Fed to watch out.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
What needs to be watched is the wage situation. Was the jump in wages a one-shot wonder or does it portend accelerating labor costs That is the unknown right now.
Joel Naroff
Households understand things before businesses do, and unemployment is a lagging indicator for that reason. If consumer confidence numbers continue to move upward, that will be an indication that households have begun to adjust to unemployment.
Joel Naroff
Five years ago, people thought 6 percent unemployment was darn well getting to full employment, ... Even if hits 6 percent, we still have 94 percent of the labor force working.
Joel Naroff
People were probably too busy closing their deals on the record number of homes bought to visit auto showrooms, ... How can you fear that the willingness to spend is fading when housing sales are soaring
Joel Naroff
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Based on Keywords: curmudgeon, enigmaticImagination is more important than knowledge.
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It all has to do with the director, the captain of the ship. He sets the pace, the mood. If the director is quiet, the set is quiet. If the director is loud, then everybody has to be louder to be heard.
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