Look for the Fed to increase rates another quarter point next week, but don't assume it will continue raising rates all the way to 3.5 percent. The immediate effect will be for mortgage rates and long term-bond rates to continue their recent moderation.
More Quotes from Peter Morici:
If you look at the cash on hand and the market value of the stock, it means that investors' view of the company is that it has no value if you take out the cash.Peter Morici
As things currently stand, GM has too many brands, workers, managers, capacity and bureaucracy.
Peter Morici
Clearly, inflation poses no real threat, but overly aggressive Fed interest-rate policy could torpedo the economic expansion.
Peter Morici
Stagflation is rearing its ugly head, ... Slower consumer spending and disappointing business investment are causing slower growth, high unemployment and wages that lag inflation.
Peter Morici
China's purchases of dollars create a 33 percent subsidy on its exports, and are having a devastating effect on U.S. workers with only a high school education or only some college or technical training, ... Were foreign governments to stop manipulating currency markets, the trade deficit would be cut in half. (That) would increase GDP growth to about 5 percent a year and create as many as five million additional new jobs over the next three years.
Peter Morici
Business investment is increasingly the engine pulling the economy forward.
Peter Morici
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Richard Lewis
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Tim Vine
For in reason, all government without the consent of the governed is the very definition of slavery.
Jonathan Swift