We saw a slowdown in business investing and while it may be a little more than we will see going forward, it's real and it will likely continue.
More Quotes from Joel Naroff:
Not only is the manufacturing sector back up and running, but investment activity is beginning to pick up as well, ... There are some weak sectors remaining, but they are extremely few and far between.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
Almost all the intermediate level goods are rising, and rising sharply. Commodity prices are on the rise, there is no doubt about that. Finally, at the crude level, just about everything is increasing, ... This is not that tame a report.
Joel Naroff
The economic fundamentals seem to be lining up quite nicely, and they are all pointing to continued strong growth through the summer,
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
Despite all the layoffs that are occurring, businesses are still moving forward, ... They're out there looking for workers, and they may be forced to raise the wages just a touch faster.
Joel Naroff
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Based on Topics: Business & Commerce QuotesThe purpose of all wars, is peace.
Saint Augustine
If you've got a big mouth and you're controversial, you're going to get attention.
Simon Cowell
I am considering two things on a daily basis: what is right to do and what is wrong to do in my role as President of my people. According to my conscience, I am trying to abide by the right. My vision is peace. My vision is prosperity.
Boris Trajkovski