Today's US employment report, though not a blockbuster, certainly portends at least a 3 growth rate in the second quarter.
More Quotes from Sherry Cooper:
Despite the pop in core PPI inflation in July, there appears to be little pressure lurking on the horizon in the near term. The pipeline measures remain subdued and vehicle pricing appears to have distorted the figures.Sherry Cooper
Even so, While sales are slightly below their peak levels of late 1998, this sector has hardly suffered a body blow from the run-up in long-term mortgage rates, ... Until the housing sector slows significantly, it is far too premature to look for a broad-based slowing in the economy.
Sherry Cooper
When the 10-year yield got to 4.4 percent Tuesday, I said this was probably a short-term buying opportunity and that we would see some correction.
Sherry Cooper
The business community has actually been quite lax in taking this seriously.
Sherry Cooper
The bank's new focus is likely to be on rising wage pressures, but that still seems a distant inflation threat at this point. On balance, there is nothing here to divert the bank from its gradual tightening course.
Sherry Cooper
On balance, headline inflation has likely peaked, but the core rate is at the top end of the Fed's comfort zone, which will keep chairman Allan Greenspan's foot firmly on the brakes,
Sherry Cooper
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Based on Keywords: portendsWe can't fool ourselves that they will ever be enough to overthrow Capitalism. If we're serious about that we need to organise ourselves in our workplaces and communities, making the links with other workers internationally.
John Blair
Red is one of the strongest colors, it's blood, it has a power with the eye. That's why traffic lights are red I guess, and stop signs as well... In fact I use red in all of my paintings.
Keith Haring
Well I think that's probably one of a few, where I grew up in the City of New York, it's got a lot of energy, my parents are Irish-American so there was a bit of yelling going on in my house but it seemed normal.
John McEnroe