We're not likely to see reports as good as this the second half of the year. We know gasoline prices picked back up in July. But inflation should stay in basically in check.
More Quotes from Mark Vitner:
The problem with the November employment numbers is hiring for the holiday season. It's hard to get a gauge of what it's going to be. They do a seasonal adjustment to the number to account for that, but the seasonal adjustment causes wider swings. And this year Thanksgiving came later in the month, so hiring might have started after the November data was collected.Mark Vitner
I think Ferguson might be the best vice chairman we've ever had.
Mark Vitner
If we had an anti-business Congress that went after pension reform aggressively, it could have a devastating impact on Wall Street.
Mark Vitner
Normally, economists downplay periodic swings in energy prices, ... However, the most recent run-up is a source of concern because it may be raising inflation expectations. Workers do not live in a world that excludes food and energy prices. Wage demands, especially in the current tight labor market, will be based on the increase in the overall CPI.
Mark Vitner
Flood damage does not tend to be as insured. The lack of insurance is likely to cause the recovery to be delayed,
Mark Vitner
The debate about tax cuts shouldn't be whether they helped or not -- they clearly helped taxpayers. The debate should be whether we can afford them and whether they can lead to a sustained recovery in economy.
Mark Vitner
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