The cooling U.S. housing sector should apply a dampener to consumer spending as 2005-2006 unfolds, but some of this could be offset by still-decent job growth.
More Quotes from Sherry Cooper:
Predicting the long-awaited U.S. economic slowdown can be a risky business,Sherry Cooper
Overall, this can be viewed as more evidence that the consumer is hanging in well despite the run-up in oil prices and growing equity market volatility.
Sherry Cooper
The Fed might have been in a dilemma if signs of slower growth were coupled with signs of a wageprice spiral. However, that is emphatically not the case. The underlying inflation outlook is not a problem for the Fed or the financial markets.
Sherry Cooper
I do think, however, that it is very important that we, as individuals, protect ourselves that businesses make contingency plans and that governments at all levels public health officials everywhere do what is necessary to minimize the danger of a potential pandemic.
Sherry Cooper
What little data I've seen suggests that only about 25 percent of businesses have taken deliberate, serious action. And certainly the larger corporations would be the ones that would begin the process. Let's face it, a small company probably would not have the capability of taking very dramatic action.
Sherry Cooper
The repercussions on global trade would be devastating, ... Given that virtually all major economies have a surplus with the (United States), trade disruptions would shutter manufacturing plants and curtail global demand for most commodities.
Sherry Cooper
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