We're much more upbeat now than a few weeks ago when there was a sort of creeping anxiety.
More Quotes from David Orr:
The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,David Orr
The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
David Orr
We're getting a flip with these numbers, ... We had been seeing all year long the consumer doing well and the manufacturing sector doing poorly. Here, consumer confidence has fallen, but there's a hint of the manufacturing sector stabilizing.
David Orr
Not bad, but less than the 18 percent (annual rate of growth) in the second quarter and 26 percent (rate) in the first quarter.
David Orr
The Fed views potential inflation as last year's problem. This year, they will be focused on promoting a rebound in growth.
David Orr
As is evident, a clear deceleration appears to be underway, ... The gain was not large enough to recoup the 13.1 month-over-month decline in July.
David Orr
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