Clearly, inflation poses no real threat, but overly aggressive Fed interest-rate policy could torpedo the economic expansion.
More Quotes from Peter Morici:
In a world where size matters less and innovation and adaptability are 95 percent of business success, the company that succumbs to union demands for wages greater than the market will bear or for work rules that reduce agility and efficiency, will be vanquished by a swarm of competitors.Peter Morici
The rating agencies and stock market are sending a clear message that the company will lose money for the foreseeable future and eventually go bankrupt. Bankruptcy is a serious option either strategically or as an eventuality.
Peter Morici
Overall inflation is under control and should moderate as we move through the summer.
Peter Morici
The trade deficit exceeds 6 of gross domestic product and is weighing down economic growth.
Peter Morici
This is not a war on the scale that it changes the face or personality of the domestic economy, but it is a small tax on the domestic economy.
Peter Morici
The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.
Peter Morici
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