The personal consumption component can make the Fed a little uneasy because people are still spending astronomical amounts of money.
More Quotes from Michael Franzese:
We are looking at possibly a really bad situation economically. Energy supply is really going to start putting a drag on this economy -- the consumer's pocket book is definitely being affected.Michael Franzese
We gave them the benefit of the doubt when it came to Katrina, but this marketplace cannot see rising rates in the face of another natural disaster.
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I heard one FBI agent at a conference say baseball isn't the national pastime anymore gambling is.
Michael Franzese
You have no inflation in these numbers at all.
Michael Franzese
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