So far, layoffs have been bad, but the job market has held up pretty darn well. If companies really get the axe out more than they have, that sets a bad dynamic in motion. That's what's got to give Federal Reserve Chairman Alan Greenspan nightmares.
More Quotes from Maureen Allyn:
The Fed is very happy to see this kind of stabilization, but they're going to be worried about inflation and credit. Honestly, I think the Fed understands how fragile a position the economy is in because when you slow down this fast it sets a lot of stuff in motion. They want to get ahead of that and make sure it doesn't get worse.Maureen Allyn
I'm surprised we're seeing this little amount of weekly claims because we keep hearing the announcements. There have to be more layoffs in the pipeline.
Maureen Allyn
We should see an upward revision to fourth-quarter GDP based on this trade number. But whatever it does to the GDP, it does not suggest that we're starting on a big roar of strength.
Maureen Allyn
Growth took them by surprise last year so I think this is paying back for all that growth we had last year.
Maureen Allyn
There's no inflation threat out there.
Maureen Allyn
Companies have to learn to live with keeping their costs down. They're not going to get pricing power not in our lifetime, I'm afraid. The world is just much too competitive.
Maureen Allyn
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Along with success comes a reputation for wisdom.Euripides
I'm not a social friend of the Reagans. That's by their choice and by mine. They don't drink enough.
Lyn Nofziger
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Thomas Merton