People's wages are going up, but they are not keeping up with inflation.
More Quotes from Stuart Hoffman:
The results show a stable outlook among business owners for their own sales and profits during the next six months, which suggests they are adapting to higher energy prices and interest rates. Many, however, are taking aggressive steps to counter continued increases in costs for employees' health care coverage, which could mean reductions in benefits for some employees.Stuart Hoffman
It's clear that job growth in the last three months has been as slow as it has been in quite a while. It is a picture of a somewhat slower or weaker job market.
Stuart Hoffman
Stocks and bonds rallied at first, but now have hemmed down. Stocks are coming off a superb day yesterday, so that may be a little profit taking.
Stuart Hoffman
The CPI captured the center stage as it's the biggest one-month increase in 25 years, ... We certainly know why, with energy prices having skyrocketed.
Stuart Hoffman
If you take into account the revisions, the average for the last three months are still very strong. It's consistent with the housing starts number. People are still active in home buying. This decline in January is probably a month dip. It's a head-fake.
Stuart Hoffman
Health care savings accounts don't tackle the problem of rising health care costs. This is not an attempt to rein in the cost of health care. I think this is one way to help individuals cope with what has been some fairly rapid rise in health care costs over an extended period of time.
Stuart Hoffman
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