Housing prices and stock prices tend to go up at different times. With housing markets flat or falling, people might decide not to put so much money into getting a bigger house but might instead put their money into the stock market.
More Quotes from Peter Morici:
A trade deficit like this is unacceptable, ... It lowers our GDP growth.Peter Morici
GM cannot go on providing the level of benefits they have been, if they want to stay in the business. It's not a matter of providing fewer benefits to increase profits, it's a matter of choosing to pay benefits it can afford, or getting to a place where it cannot pay anything at all.
Peter Morici
We don't give them any more market access. They won't have any more sales here, but we should have more sales there. But that deal by itself will not resolve this problem.
Peter Morici
If an activity moves abroad and becomes an import, all that labor is lost, ... It really doesn't matter very much who owns the plant that makes the imports.
Peter Morici
The Fed will increase the federal funds rate to 4.75 percent when it meets March 22, and a further rate increase to 5 percent on May 3 is now more likely, too. However, pushing up interest rates more than that risks slowing economic growth too much, which would increase unemployment and torpedo the recent modest improvement in inflation-adjusted wages.
Peter Morici
Taken together, prospects for a reversal of recent energy price increases and the absence of other fundamental inflationary pressures indicates inflation provides no significant justification for raising interest rates further at this time.
Peter Morici
Readers Who Like This Quotation Also Like:
Based on Topics: People QuotesIt's such a small industry here you inevitably end up working with the same people over and over again. There are only so many actors to go around, which is good for us.
Karl Urban
All four majors are definitely a priority.
Karrie Webb
All things deteriorate in time.
Virgil