There is no inflation, unless you drive a vehicle, heat your home, use medical services, have a child in college, use cable, insure anything or smoke.
More Quotes from Joel Naroff:
They're faced with what is probably a moderation in growth, but a slow acceleration in inflation. The question is, where does inflation go from here I think that will be the driving factor, because I don't think growth is going to stay this slow.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
Unfortunately, wages grew by less than that pace, which explains why spending has begun to tail off.
Joel Naroff
The huge rebound in orders shows that, not only did the economy not collapse in June, but it is actually moving ahead at a decent clip,
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
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
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