Consumers will continue to spend, and that will keep the economy chugging along for the next few months. But without some help, I worry that consumers could begin to falter later in the year. We need more business spending to fuel the economy's shift into a higher gear and sustain the recovery.
More Quotes from Oscar Gonzalez:
Inflation is on the mat and not getting up soon. With the U.S. economy still in a recession and economies around the world weak, demand is slack and resulting in no inflationary pressures at all. Simply put, no one can raise prices.Oscar Gonzalez
The good news is that we're moving, albeit slowly, in the right direction and there are signs of further improvement on the horizon,
Oscar Gonzalez
There is evidence that the weakening dollar also is beginning to have a positive effect. This is a good sign both for the future of our exports and for our hope to narrow the trade gap.
Oscar Gonzalez
Inflation has picked up and there is some pricing power evident. Certainly by saying that, the Fed is telegraphing that they could easily increase rates by 50 basis points if they had to, even though at this point there doesn't seem to be a need for more than a quarter-point hike,
Oscar Gonzalez
The overall trend is still pretty dismal in terms of imbalances between imports and exports.
Oscar Gonzalez
The numbers reflect a little bit of the unwinding of consumer spending, ... It's not all of that was unexpected, given the (weak) figures we had on retail sales.
Oscar Gonzalez
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