The continued weakness in a number of components of the index suggests that it's more than just high oil prices that are ailing the economy.
More Quotes from Lakshman Achuthan:
To put this in perspective, a couple of years into recovery, we should be seeing 250,000 to 300,000 new jobs per month. We're not there yet.Lakshman Achuthan
The current inflation story is a little different story than the type of inflation story you had thirty years ago.
Lakshman Achuthan
As the recovery takes hold, the vulnerability we have surrounding these issues will diminish and they won't be able to impact the overall economy. And then investors will focus on the good news.
Lakshman Achuthan
There's been a very real structural shift, primarily in manufacturing employment, as a result of outsourcing and earlier capital investment that has increased productivity. They're making employment act differently in this upturn.
Lakshman Achuthan
The basic message is unambiguous -- you've got inflation.
Lakshman Achuthan
Rising home values are making people feel they don't need to save.
Lakshman Achuthan
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