Ken Mayland Quotes (22 Quotes)

If you liked October, you are going to love November, ... because you can anticipate some further softness in these core items like new cars. G.M. has already announced the next incentive program.

These results cast more cold water on the notion that if nondiscretionary spending on energy swells, it must crimp discretionary spending. It hasn't,

Any long-term plan without an education component isn't a complete plan. We are seeing a brain drain.

Consumers are still willing to spend, even with the high energy prices, and capital investment is booming. By the second half of the year, we'll see the cumulative effect of interest- rate increases begin to bite and the economy slow.

I think any number below 350,000 is associated with good job growth. I think we are definitely getting back on track for fundamentally good job generation.

We are still anchored down by our above-average dependence on the auto industry, which doesn't have much upside potential. GM is in a struggle for survival.

Considering everything, I think the picture is a little bit brighter for the second quarter and some of our fears on the economy in context of this soft patch scare are at least slightly alleviated.

This employment report neither screams tighten further nor shouts stop here. More information from other indicators is needed to determine the proper course of policy.

There's no question we're getting back to better days for job creation. There's been a sense of unease in the American workplace and this should help relieve that. The economy is getting on off to excellent start in 2006.

What the Commerce Department calls savings is something different from what ordinary people call savings. Commerce calls savings basically current income not spent, whereas individuals call their savings really their wealth, their accumulation of all past savings.

more of an emotional response to the recent woes and gives very little insight into consumer spending behavior.

There will be a lot of rebuilding that is going to need to occur. These things do spur GDP growth.

Consumer spending in the fourth quarter is going to be low, and capital spending and inventory rebuilding is what takes up the slack. There are also increases in government purchases, a lot of that going for Gulf reconstruction.

It's largely reflecting the time constraints on the part of shoppers. Doing all the test-driving and research at auto dealers means that they are not at malls and department stores and restaurants.

If the Fed is wrong and inflation runs too high, out of control, there can be a catastrophic loss of confidence in the Fed that has national and international implications.

We are definitely in the neighborhood of a neutral fed funds rate.

We're grinding out some good increases here. We're producing more than we ever did and our capacity to produce industrial goods has increased.

I think we can take heart in the fact that even with all the worries -- about energy prices, higher interest rates and a slowing housing market -- confidence moved higher.

Auto sales at these monstrous levels, these gargantuan levels, cannot be sustained. They will come back to normal levels.

Accept this for what it is an emotional reaction to tragic circumstances. But are people going to stop spending No.

This gives us some confidence that overall consumer spending growth in Q1 will be a lot better than Q4, and by implication, Q1 GDP growth will be much better.

There is a great deal of fear and uncertainty out there. On the one hand it's sad to see peoples' lives disrupted and destroyed. On the other hand, people are worrying about how they are going to pay their gasoline bills and their home heating bills this winter. It makes for a pretty bleak view of the future.