It is encouraging that core inflation in 2005 was no higher than the year before even though we had record oil prices. From that perspective, the Fed can feel confident that inflation won't get out of control.
More Quotes from Nariman Behravesh:
Natural gas prices are going to go through the roof in the next couple of months, and that is going to hurt a lot of families.Nariman Behravesh
These inflation concerns point to more rather than less tightening by the Fed in coming months.
Nariman Behravesh
Perhaps the single best piece of economic news in 2005 was that record-high energy prices did not spill over into the rest of the economy. While the Fed can be relaxed about inflationary risks in the U.S. economy, its role is to preempt.
Nariman Behravesh
Record-high profits, combined with solid economic growth and rising capacity utilization will translate into robust capital spending - all good news for the industrial sectors of the economy.
Nariman Behravesh
The good news for the U.S. is that growth has diversified. We aren't just relying on the consumer and housing.
Nariman Behravesh
When India was the new trend, companies had a gold-rush mentality. Now companies are taking a more mature, sober attitude.
Nariman Behravesh
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