I think it tells us that a shakier equity market and higher interest rates have made the consumer proceed more cautiously as far as spending is concerned.
More Quotes from John Lonski:
The dip by the core PPI brings attention to how inflation is not an issue in the credit market and it's the least of the Federal Reserve's worries.John Lonski
What we have here is a dangerous mix of fast-growing debt and fast-rising unemployment that could quickly put the brakes on consumer spending.
John Lonski
I don't think it's going to stop. It may be a fine opportunity to lock in a fixed rate that may prove to be relatively attractive historically.
John Lonski
The argument for the bigger cut has been concern about the recent sharp drop in U. S. stock prices. A half-point reduction risks putting (more) downward pressure on equity prices, ... The Fed is dealing with the unknown of how much more pervasive stock ownership is today.
John Lonski
It looks as though core inflation is back, ... We have the core CPI now growing at an average monthly rate of roughly 0.3 percent thus far in 2004. That adds up to a rate hike happening sooner rather than later.
John Lonski
A downturn in profitability will not impede its debt repayment capacity,
John Lonski
Readers Who Like This Quotation Also Like:
Based on Keywords: shakierTraveling is the ruin of all happiness! There's no looking at a building after seeing Italy.
Fanny Burney
If I lose, I lose. I'll do it on my terms.
Ed Rendell
Worry does not empty tomorrow of its sorrow. It empties today of its strength.
Corrie Ten Boom