We discovered for the umpteenth time that what matters most for most Americans is the labor market.
More Quotes from Ken Goldstein:
The Leading Economic Index suggests that this period of slower growth will probably continue for the next few months.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
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
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.
Ken Goldstein
Rising business costs and uncertainty in many companies about price hikes is a major consideration now in how fast the domestic economy can grow, especially in the second half of the year.
Ken Goldstein
Down the road, there are significant consequences in terms of what could be developing with the federal budget.
Ken Goldstein
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Based on Topics: Labor QuotesBased on Keywords: umpteenth
But I fear, my lot being cast in Scotland, that beauty would not be content.
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We shall not sleep, though poppies grow: In Flanders fields.
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