The labor market is the linchpin of our economic forecasts, because income growth is going to sustain the consumer.
More Quotes from Stephen Stanley:
When the economy's weak, there's always a potential competitor who will undercut you on price, but when everybody's doing decent business, there's not as much urgency on the pricing front. When consumers are mostly employed and their incomes are going up, they're more inclined to accept some price increases.Stephen Stanley
In terms of monetary policy right now, most people expect the Fed to tighten during the next two or three meetings, but it's foggy beyond that. Greenspan didn't really say much to clarify, either in his comments or in the question period. He was appropriately non-committal, and so there's been little reaction from stocks.
Stephen Stanley
The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.
Stephen Stanley
The big picture for the consumer still looks good.
Stephen Stanley
If inflation doesn't accelerate much from here, and the Fed just raises rates a little more, we might see something like the end of the 1990s again. But if the Fed has to really ramp up to fight inflation, it's going to be a much worse environment than investors realize.
Stephen Stanley
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Don Dinkmeyer
Edison failed 10, 000 times before he made the electric light. Do not be discouraged if you fail a few times.
Napoleon Hill
It was an idea we had when Al was in the Senate - to organize and moderate an annual conference that would look at government policy through the lens of the family to help identify ways that the family can be supported and strengthened.
Tipper Gore