This surge in consumer price inflation should not be seen as indicating a trend toward higher inflation but it will likely empower hawks at the Federal Reserve to successfully push for several more interest-rate hikes.
More Quotes from Peter Morici:
Even in North America, (Toyota's) factory labor costs are lower because it pays a bit less for labor and is not encumbered by excessive benefit costs.Peter Morici
Higher house prices mean more equity for homeowners and more cash in the hands of consumers. Robust housing sales indicate that the real estate boom will continue to drive the economic recovery.
Peter Morici
I think the worst is yet to come. I expect their market share to continue to shrink and their balance sheets to become more troubled.
Peter Morici
GM's 'employee discount' promotion established GM can sell vehicles if it sets prices at what consumers are willing to pay and makes those prices clear. Unfortunately, the public is not willing to pay what it costs to make GM cars and trucks.
Peter Morici
Look for the Fed to increase rates another quarter point next week, but don't assume it will continue raising rates all the way to 3.5 percent. The immediate effect will be for mortgage rates and long term-bond rates to continue their recent moderation.
Peter Morici
As things currently stand, GM has too many brands, workers, managers, capacity and bureaucracy.
Peter Morici
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