It's not so much GM, but it could have been one of the proverbial straws that broke consumers' backs. All of a sudden people have to pay more for energy, debt service, healthcare, and save more for retirement.
More Quotes from Michael Gregory:
the Fed is going to want to take the more cautious road. Two months is an awful long time to wait to react to evidence, particularly if that evidence indicates the economy is starting to heat up again.Michael Gregory
Do they really want to end the party Of course not, ... They want to tone the party down before something gets broken or damaged, or worse, before someone gets hurt. It's similar to a marathon if you pace yourself properly you can get to the end without overexertion. That is what the Fed is trying to do here.
Michael Gregory
The construction sector continues to be a contributor to Canadian economic growth, which should make the Bank of Canada feel a bit more comfortable about any forthcoming rate hikes.
Michael Gregory
Exports should find further support from the pickup in global economic growth.
Michael Gregory
The Bank of Japan is taking a little step towards trying some remedies, ... now appears to be more conducive to helping them.
Michael Gregory
With business outlays solid and foreign demand picking up, this will likely keep the Fed in the tightening game through the first half of the year.
Michael Gregory
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The dissolution of the Party - we will not let such a tremendous, big, and glorious party be so easily crashed: this would then be the moment, when we would begin to fight on all fronts.
Otto Bauer
Get me well so I can get on television and tell people to stop smoking.
Nat King Cole
Any time you talk about the look of the film, it's not just the director and the director of photography. You have to include the costume designer and the production designer.
Spike Lee