I can't see the state of job creation changing for the better anytime soon.
More Quotes from Richard Yamarone:
As it stands right now, we're looking down to about 2.5 percent GDP growth in the second quarter and third quarter, which is perfect for what the Fed would want. That would really play into them well and certainly avoid any rate hike.Richard Yamarone
There's only so much a Fed rate hike can do to thwart an inflation threat that's predominantly driven by oil prices. Raising the fed funds rate won't stop people from speculating about higher oil prices,
Richard Yamarone
The economy is motoring along and we are indeed creating more than a decent amount of jobs. But there are a number of hurdles that lie in our path of prosperity record energy prices and the economic consequences of Hurricane Katrina.
Richard Yamarone
August isn't exactly a barnburner for job creation. It didn't appear as if corporate America flicked on the hiring switch last month. I think there were a lot of problems plaguing big business. So I don't think we're going to get a big jobs number.
Richard Yamarone
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.
Richard Yamarone
So we don't get the gold medal in housing this year we have to settle for the bronze. There's still plenty of demand for housing in the U.S., even with the higher mortgage rates.
Richard Yamarone
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