This is just more evidence that we have got pretty solid growth and very little inflation.
More Quotes from Nariman Behravesh:
The good news for the U.S. is that growth has diversified. We aren't just relying on the consumer and housing.Nariman Behravesh
There is no question that the deficit this year will be worse than last year. A number of the improvements in May were temporary.
Nariman Behravesh
It is encouraging that core inflation in 2005 was no higher than the year before even though we had record oil prices. From that perspective, the Fed can feel confident that inflation won't get out of control.
Nariman Behravesh
When India was the new trend, companies had a gold-rush mentality. Now companies are taking a more mature, sober attitude.
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Of that 8.9 percent, maybe a third of it was weather-related. The rest of it is underlying trend of weakness in the housing market. You are seeing pervasive signs of weakness.
Nariman Behravesh
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