If all we've had is consumption, not business investment, there could be a self-fulfilling factor here, ... If consumers run out of patience, they start trimming sales a bit, and the economy, rather than picking up, may weaken a bit. Then the consumer says, 'See, I told you it was going to happen.'
More Quotes from Ken Goldstein:
Signals for the immediate future point to continued expansion, although not at the breakneck pace of the fourth quarter of 1999, ... The biggest risk to the ongoing expansion continues to be interest-rate increases and the prospect of still more Federal Reserve Board action.Ken Goldstein
Part of the real story here is that, through July, producers were still getting more output, with fewer labor hours put in. Productivity in the third quarter is probably going to be stronger than in the second quarter, confirming the idea that, while the stock market's not in good shape, the overall economy's not that bad.
Ken Goldstein
Consumer sentiment about job prospects over the next six months dipped in January. Thus, not only are the indicators suggesting modest gains in hiring, but consumers also do not think more new jobs will start opening up this spring.
Ken Goldstein
The small but consistent decreases in the past three-month period certainly point to a second-half economic performance less robust than in the first half of 2000. With employment and income still rising, there will be growth, but not at the pace set earlier in the year.
Ken Goldstein
The latest readings on print want-ad volume suggest that job growth won't reach the 200,000-a-month pace for at least the next few months.
Ken Goldstein
The labor market may finally be hitting bottom. While layoffs remain large, they are no longer intensifying. Job advertising volume has stopped declining, although it remains at very low levels.
Ken Goldstein
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Based on Topics: Investment Quotes, Patience QuotesBased on Keywords: self-fulfilling, trimming
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