It's not like turning on or off a light switch. It's not like all hell breaks loose at 50.
More Quotes from Joshua Feinman:
They are a bit more sanguine about inflation than the market has been, and they've been trying to tell people that. It doesn't mean they have their head stuck in the sand. With the last sentence of their statement, they leave themselves plenty of flexibility.Joshua Feinman
You have to look at these numbers over a few months. Coming in, we had several months of very substantial gains, ... The basic picture is that business spending is bottoming and showing some signs of improvement, but it's not really robust.
Joshua Feinman
These numbers were worse than expected. But overall, the labor market is still deteriorating, but not at the rate it was after Sept. 11.
Joshua Feinman
If firms need pricing power, they should be clamoring for the highest possible rates of inflation. Firms don't have pricing power, but they can still make money, and a lot of it.
Joshua Feinman
As the national economy gets better, California will get better, and some of its problems will be less acute.
Joshua Feinman
I think what we're seeing is a gradual decline in the jobless claim trend from its peaks in the immediate aftermath of Sept. 11, ... It suggests the labor market is not strong, but it's bottoming, and that's consistent with the overall economic picture.
Joshua Feinman
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