The administration is likely to push for more fiscal stimulus, and this makes it a little more clear-cut, because O'Neill had been hesitant about that.
More Quotes from Joshua Feinman:
Companies have the wherewithal to pick up the pace of hiring and capital investment again, but I'm not sure they have the desire, for a variety of reasons -- including their outlook on future demand.Joshua Feinman
The labor market's starting to improve a bit -- it's not great, but it's getting better.
Joshua Feinman
If the economy roars back, you can always take the cuts back. But suppose you're wrong on the other side, and the economy continues to languish With the slack already in the markets, inflation is likely to move lower still.
Joshua Feinman
It's not like turning on or off a light switch. It's not like all hell breaks loose at 50.
Joshua Feinman
We've been waiting for something like this for a long time. But we need to resist the temptation to put too much weight on any one month's report -- probably the best thing to do is to average out the past few months that gives a clearer picture.
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
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