If, as expected, the October employment report shows a sharp rise in unemployment and a sharp decline in job growth, it could be a crushing blow to confidence. Having a job is probably the single biggest factor in consumers having confidence.
More Quotes from Oscar Gonzalez:
Foreboding. That's the only word for today's report. We could be facing our worst case scenario rising inflation in a slowing economy.Oscar Gonzalez
The trend is now clear. Inflationary pressures are building and prices are rising only the pace remains at issue, ... September's figures may prove to be just a spike, but we can't dismiss the growing risks of a sudden acceleration in inflation.
Oscar Gonzalez
I would think the probability of a move (on interest rates) would be somewhere around the 40 percent range.
Oscar Gonzalez
All eyes will now shift to next week's employment report. The figures we've seen over the past few weeks suggest it will be quite weak. The report may be enough to push the Fed into giving the economy another shot in the arm at their next meeting.
Oscar Gonzalez
The longer we go along this path, the clearer it becomes that the Fed may have to jolt consumers and investors with a more aggressive policy,
Oscar Gonzalez
The employment situation, which has the most direct impact on everyone's lives and outlook, is still precarious, and that's causing a lot of anxiety. They're worried about their jobs, but at the same time, I think they sense that this mild recession appears to be ending, and that will raise their hopes.
Oscar Gonzalez
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Based on Topics: Confidence Quotes, Unemployment QuotesI don't like it, and I'm sorry I ever had anything to do with it.
Erwin Schrodinger
If all things were made through Him, clearly so must the splendid revelations have been which were made to the fathers and prophets, and became to them the symbols of the sacred mysteries of religion.
Origen
You will be a failure, until you impress the subconscious with the conviction you are a success. This is done by making an affirmation which "clicks."
Florence Scovel Shinn