Consumer spending remains the mainstay of this weak economic recovery. With tax cuts enacted, the consumer is likely to continue hanging in there, ... But a real recovery, including a slowdown in layoffs and the opening of new jobs, is far more dependent on recovery in (business) investment than on stronger consumption growth.
More Quotes from Ken Goldstein:
Severe weather conditions and uncertainty over interest rates may help explain why the rise in the indicators was cut short.Ken Goldstein
A large portion of the declines in ads in November and December are seasonal declines as businesses cut back recruitment ads during the holiday season.
Ken Goldstein
Productivity is the wild card. It's the one thing that has kept the tension between prices and wages on a low simmer.
Ken Goldstein
These data suggest the post-holiday labor market will remain relatively soft -- probably delivering a little less than 200,000 new jobs a month on average.
Ken Goldstein
We've seen the trade deficit widen each of the last four years at relatively the same pace. What's going to happen because of Asian flu is it will widen twice as fast this year as it did each of the last four years.
Ken Goldstein
The combination of three bucks a gallon for gas and what the rest of the country is looking at on TV and hearing about and reading about certainly are not positives.
Ken Goldstein
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Based on Keywords: mainstayThis hunger for profits causes great misery for the people.
Walter Ulbricht
If it were a real effort to live in the Middle Ages, your life would be one perpetual prevarication.
Goldwin Smith
I finally decided one day, reading science fiction magazines of the time, I could do at least as well as some of these people are doing. So I finally made a serious effort.
Fred Saberhagen