There's a difference between being stable and starting to grow again. I think that's what we're hearing from companies, too - the worst may be over, but we really don't see the upside coming, and that's what these jobless claims suggest.
More Quotes from Maureen Allyn:
The Fed has always said that they look at domestic considerations. We'll see today if they mean it. I don't really think they will raise rates, but if they do, it will cause tremendous market turmoil because no one in the market expects it.Maureen Allyn
There's no inflation threat out there.
Maureen Allyn
This is kind of capping a string of fairly strong numbers, and I'm even going to have to boost my estimate of fourth quarter GDP up closer to 3 percent. We know the Fed is sitting on the edge of its seat. It's going to make everybody a bit nervous.
Maureen Allyn
I have never thought that what a government wants its currency to do makes a hill of difference. What's holding the dollar up is a desire to put money here and a faith in Greenspan and Corporate America. That's all psychology, and it can turn on a dime.
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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