Productivity growth is slowing and it is not strong enough to forestall rising labor costs and broader inflation.
More Quotes from Mark Zandi:
Christmas sales are shaping up to be OK.Mark Zandi
It's similar to asking a big part of the labor force to leave. In today's economy where the job market is at capacity, asking people to leave means the economy will not grow as fast. In fact, there could be a very difficult adjustment over the first three to four years when this process is in full swing.
Mark Zandi
Inflation is still low and modest, but there are growing signs that it is starting to pick up.
Mark Zandi
There has been a global pick-up in inflation due to the surge in energy prices, and that gives cover for US manufacturers to lift their prices more aggressively. Central banks across the globe are tightening policy in fears that the surge in energy prices will infect inflation more broadly.
Mark Zandi
Some 20 percent of the nation's refining capacity seems to be right in Rita's path. If that gets disrupted at all, then gasoline, jet fuel, natural gas and home heating oil will surge higher.
Mark Zandi
Given the crosscurrents in the economic inflation data, it will be difficult for him to be clear-cut.
Mark Zandi
Readers Who Like This Quotation Also Like:
Based on Keywords: forestallAllowing children to show their guilt, show their grief, show their anger, takes the sting out of the situation.
Martha Beck
One should fight like the devil the temptation to think well of editors. They are all, without exception - at least some of the time, incompetent or crazy.
John Gardner
Believe in something larger than yourself... get involved in the big ideas of your time.
Barbara Bush