It's caviar for the rich and cake for the rest, as wealth grows atop a fragile pyramid of inflated home prices, consumer debt and foreign largesse.
More Quotes from Peter Morici:
His real challenge was keeping financial markets periodically from going off the deep end in one direction or another. He was very successful.Peter Morici
We really need some help from OPEC and the Saudis to help control inflation,
Peter Morici
As long as housing prices don't go down, consumers have more equity they can borrow against. If mortgage rates go up another 1.25 or 1.5 percent and pierce 7 percent -- watch out. That's when the housing bubble bursts and consumers would cut back on spending a lot.
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
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
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Based on Topics: Money & Wealth QuotesBased on Keywords: atop, largesse
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Everyone needs help from everyone.
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