Consumer spending is growing only modestly. So, it appears the easing of interest rates has helped the consumer only somewhat ... not a lot.
More Quotes from Mickey Levy:
Whether it's this month or the next handful of months, we see the combination of sustained productivity gains, profit growth and healthy increases in product demand leading businesses to want to rehire.Mickey Levy
Clearly, wage increases are tilting upward. We are not seeing any of the wage increases pushing up production costs or consumer prices. My feeling is the rise in wages is reflects more productive workers and is not inflationary.
Mickey Levy
But what's been holding the markets back from jumping in more fully is the turnaround in corporate profits and cash flows, ... Secondly, it's just confidence that we're coming out of this recession and that product demand will be increasing.
Mickey Levy
The critical question is how much the White House listens to Greenspan.
Mickey Levy
The way to look at it is that demand is very strong and there is a slight moderation in the rate of growth.
Mickey Levy
Businesses quite simply haven't been able to pass on the higher unit labor costs to consumers, and have the prices stick without losing market share.
Mickey Levy
Readers Who Like This Quotation Also Like:
I do not see how a man can work on the frontiers of physics and write poetry at the same time. They are in opposition.Paul Dirac
The hardest thing is to go to sleep at night, when there are so many urgent things needing to be done. A huge gap exists between what we know is possible with today's machines and what we have so far been able to finish.
Donald Knuth
The weak have one weapon: the errors of those who think they are strong.
Georges Bidault