Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.
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The job losses over the past three years have been across a wide range of industries and from coast to coast. And if you've lost your job, in all likelihood you will remain unemployed for longer than in any period since the Great Depression.Mark Zandi
I think they will tighten, but there is a much higher level of uncertainty regarding this decision than at any one since they started over a year ago.
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It does indicate that the second quarter was a disappointing quarter, ... Growth slowed sharply. Consumers became more cautious and our trade deficit ballooned. The economy was weighed down by higher energy prices.
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A month ago the markets would have interpreted getting rid of measured as meaning that a 50 basis point hike was possible. Now the market won't know if it would mean no change, another quarter-point move, or a 50 point hike is next and that's precisely why the Fed should take it out,
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If we get a string of bad data on inflation, the Fed will probably have to tighten for a bit longer.
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As the memory of the tech bust fades, we seem to be getting better and better job growth.
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Based on Topics: Business & Commerce Quotes, Sense & Perception Quotes, Tax QuotesBased on Keywords: firmer, presumably, revert, upper-income
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