It is only a matter of time before prices start falling sharply.
More Quotes from Joel Naroff:
We still are looking at sluggish fourth quarter for consumption that should restrain GDP growth sharply. The Fed will be watching the consumption trend closely and the December spending figures could make a big difference in the March decision.Joel Naroff
If the Fed wishes to wait an extra meeting before it raises rates, the inflation data currently give the members free hand to do so.
Joel Naroff
For me, core inflation is running at a moderate pace and is slowly accelerating. That is what I believe is driving the Fed to raise rates.
Joel Naroff
We saw a slowdown in business investing and while it may be a little more than we will see going forward, it's real and it will likely continue.
Joel Naroff
Now gasoline prices are breaking 3 a gallon. If we stay here or go higher in the fall, that would begin to put the holiday shopping season at risk.
Joel Naroff
Businesses are apparently seeing strong enough growth in demand for their goods and services to look for more workers - and businesses are being forced to pay up for them because wages are rising strongly, too. The job market is becoming more and more friendly if you are a worker or looking to become one.
Joel Naroff
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Based on Topics: Time QuotesI'm saying: to be continued, until we meet again. Meanwhile, keep on listening and tapping your feet.
Count Basie
You can only fall in love six times in your life. Choose wisely.
Doug Coupland
I think it's a mother's dream come true to see it work out that way. Not just the mother, but certainly parents, to know that their children have a very solid moral foundation and religious foundation.
Erika Slezak