The jobless recovery is well behind us. The economy right now is not really in a recovery mode, it's in a boom mode. Companies are going to be hiring out of fear if they don't, they lose an opportunity to make more money.
More Quotes from Mark Vitner:
The labor market seems to be improving. It bolsters the case we've been making that the economic slowdown story is a little oversold. Clearly growth is moderating, but we're still likely to see some decent growth the second half of the year.Mark Vitner
Markets are rational and forward-looking. However, they can also be wrong.
Mark Vitner
We've had very little economic growth, virtually no job growth. The only way you'll get income growth is through wage increases or through tax cuts.
Mark Vitner
Inflation at the end of the day is headed higher, it's just not going to happen that dramatically this year.
Mark Vitner
When combined with the anticipated double-digit gains in employer health-care costs, manufacturers may find it very difficult to add to their payrolls next year and may opt to work their existing work forces longer.
Mark Vitner
I don't see any storm clouds on the economic horizon. We don't see any potential land mines or problem areas. Even an attack on the scale of 911 would not cause the economy to go into recession in the next two years.
Mark Vitner
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