The same distortions, in my view, could well be explaining a lot of the recent strength in the remainder of the U.S. data flow. If that's the case, all it will take is for the weather to return to normal and the seasonally adjusted data will fall like a stone.
More Quotes from Stephen Roach:
For the United States, it's the end of labor as we once knew it.Stephen Roach
There is a dangerous degree of complacency, and out of that comes a surprise that does the most damage to the global economy.
Stephen Roach
China's senior leadership gets it while many outside the country do not.
Stephen Roach
There is good reason to believe that a sharp weakening in the value of the U. S. currency is essential to the global rebalancing that must begin to take place if the world's current account imbalances are to be corrected,
Stephen Roach
This is the year to watch out carefully for the end of the great American spending binge.
Stephen Roach
Mine didn't even rhyme, ... But I loved him. He was a great man. I miss him. Put that in, will you.
Stephen Roach
Readers Who Like This Quotation Also Like:
Based on Topics: Weather QuotesBased on Keywords: distortions
If we get the donations, I think we're going to raise a significant amount of money; some will be used for some administered costs, but the public portion of that will go directly into grants.
Montel Williams
When people stop dying, they want to create wealth.
Josh Ruxin
It is, perhaps, better to be valued as an object of passion than never to be valued at all.
Angela Carter