There will be a lot of rebuilding that is going to need to occur. These things do spur GDP growth.
More Quotes from Ken Mayland:
We are still anchored down by our above-average dependence on the auto industry, which doesn't have much upside potential. GM is in a struggle for survival.Ken Mayland
Consumer spending in the fourth quarter is going to be low, and capital spending and inventory rebuilding is what takes up the slack. There are also increases in government purchases, a lot of that going for Gulf reconstruction.
Ken Mayland
There is a great deal of fear and uncertainty out there. On the one hand it's sad to see peoples' lives disrupted and destroyed. On the other hand, people are worrying about how they are going to pay their gasoline bills and their home heating bills this winter. It makes for a pretty bleak view of the future.
Ken Mayland
more of an emotional response to the recent woes and gives very little insight into consumer spending behavior.
Ken Mayland
There's no question we're getting back to better days for job creation. There's been a sense of unease in the American workplace and this should help relieve that. The economy is getting on off to excellent start in 2006.
Ken Mayland
Consumers are still willing to spend, even with the high energy prices, and capital investment is booming. By the second half of the year, we'll see the cumulative effect of interest- rate increases begin to bite and the economy slow.
Ken Mayland
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A house cannot be made habitable in a day; and, after all, how few days go to make up a century.Bram Stoker
There is something in every one of you that waits and listens for the sound of the genuine in yourself. It is the only true guide you will ever have. And if you cannot hear it, you will all of your life spend your days on the ends of strings that somebody else pulls.
Howard Thurman