The overall trend is still pretty dismal in terms of imbalances between imports and exports.
More Quotes from Oscar Gonzalez:
Stopping at this point is off the table unless there is some unexpected piece of news like a sudden collapse in the housing market.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
Since the economy is softening, I expect inflationary pressures to subside. The door is still open for the Fed to continue easing rates, as necessary.
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 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
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
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