We are definitely in the neighborhood of a neutral fed funds rate.
More Quotes from Ken Mayland:
Considering everything, I think the picture is a little bit brighter for the second quarter and some of our fears on the economy in context of this soft patch scare are at least slightly alleviated.Ken Mayland
Auto sales at these monstrous levels, these gargantuan levels, cannot be sustained. They will come back to normal levels.
Ken Mayland
more of an emotional response to the recent woes and gives very little insight into consumer spending behavior.
Ken Mayland
I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation.
Ken Mayland
What the Commerce Department calls savings is something different from what ordinary people call savings. Commerce calls savings basically current income not spent, whereas individuals call their savings really their wealth, their accumulation of all past savings.
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
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