If unemployment continues to decline and the economy grows at an above-average pace ... I think they (the Fed) will be a little more concerned about bottlenecks.
More Quotes from Gary Thayer:
Growth is still at a healthy level.Gary Thayer
And make no mistake Energy prices are everything these days. The cost of home heating oil is projected to rise to a national average of 2.47 a gallon this winter, a 28.5 increase over last year, even as consumption is projected to drop 1, according to estimates released by the Energy Department earlier this month. Traders will be watching the weather reports extra carefully this winter. The demand for energy has been tempered by high prices, ... but demand could surge again if winter weather turns unusually cold.
Gary Thayer
Historically, when we see confidence decline, we have to watch and see if it shows up also affecting spending. We'll be watching closely to see ... whether the decline in confidence is more of a psychological factor or a real factor affecting spending.
Gary Thayer
The housing market is cooling off, but not too much, and inflation looks relatively benign.
Gary Thayer
Today's numbers show that consumers are not very optimistic about the economy. As a result, we will see consumer spending reduced until we see some relief on energy prices. If we don't get some relief, it looks like it will be a very weak holiday season.
Gary Thayer
I think it's good news for the economy. When you take away the GM strike and average last month's figures with this month's, you see employment growth at moderate levels, which is good for sustainable growth.
Gary Thayer
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Based on Keywords: bottlenecksForty years ago this country went down a rabbit hole in Vietnam and millions died. I fear we're going down a rabbit hole once again - and if people can stop and think and reflect on some of the ideas and issues in this movie, perhaps I've done some damn good here!
Errol Morris
Although it wasn't that easy to do, it was wonderful working with John Wayne.
Robert Duvall
My friend told me I went over to this guy and he pulled a knife.
Matt Nagle