The underlying pace of the economy is strong. The fact that global growth is looking better will keep the economy strong through the balance of this year.
More Quotes from Richard Berner:
Investors on Wall Street are going to have to learn a lot about these new faces before they feel comfortable. I don't think this means any change in monetary policy but there are new people.Richard Berner
The balance of risks now suggests that the Fed is not likely to move to the sidelines until the funds rate reaches that level,
Richard Berner
Fed policy makers made a statement that they want to really underpin the recovery. They've seen the downside risks and they want to make sure that low inflation and disinflation does not morph into deflation.
Richard Berner
The issue is does OPEC think the global economy is strong enough to withstand the change in price. It just so happens that the economies that are seeing the biggest price increases -- the United States and China -- are also the strongest.
Richard Berner
The US economy is currently in the midst of the most profound hiring shortfall of any modern-day business cycle.
Richard Berner
The unemployment rate in the first quarter should have been at least 6.3 percent -- significantly higher than January-February's 5.75-percent average,
Richard Berner
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