The flat pace in the leading indicators points to continued moderation in U.S. economic activity. This is reflected in indicators for manufacturing, housing, consumer, labor, and financial markets. The economy is starting to reflect the impact of growth restraints.
More Quotes from Ken Goldstein:
Add this to the negative impact of the hurricanes and flooding, resulting in lost jobs and incomes, and lost output, and we could be in for slower growth through the end of the year.Ken Goldstein
Essentially the story is we have got moderate growth through the first quarter. We may tick up in the second quarter and we may tick down in the third quarter. Growth is going to be a little slower second half of the year.
Ken Goldstein
Given that we're at least a couple of months away from turnaround in the labor market, the fact that consumer confidence is not doing much worse than treading water is actually a good-news story.
Ken Goldstein
The fact that the January number is back up to the higher level we saw in August 2005 indicates that the demand for labor is holding steady and seems to have weathered the hurricane and energy-related effects of last fall. The January online help-wanted ad volume is consistent with what we are seeing from the Consumer Confidence Survey. In January, consumers were more upbeat about current economic conditions, and they were especially more positive about the job market.
Ken Goldstein
The performance of the leading index is suggestive of continued momentum or growth in the spring.
Ken Goldstein
It's the equivalent of a Disney Channel of broadband interactive content. It's become a good business for Disney. Our goal is to be as ubiquitous as the Disney Channel.
Ken Goldstein
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