This is confirming the idea that, while the stock market's not in good shape, the overall economy's not in bad shape it's nowhere near going into a double dip.
More Quotes from Ken Goldstein:
Unlike the Gulf War, it won't determine a recession. There was long build-up to the Gulf War. We had troops over there for a month or two before they actually were engaged. I wouldn't expect that what action follows from here will last that long or have that much of a build-up.Ken Goldstein
The continued growth in consumption, not just in the second half of this year but continuing into 1998, means that producers have to invest. They've got to build up inventories.
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
That's about as good as it gets for the next six months. We're about to downshift at least one gear, especially with respect to the job market.
Ken Goldstein
There's nothing wrong with the economy right now. That's not the issue,
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
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