Clearly, wage increases are tilting upward. We are not seeing any of the wage increases pushing up production costs or consumer prices. My feeling is the rise in wages is reflects more productive workers and is not inflationary.
More Quotes from Mickey Levy:
There is a concentrated effort to draw Jerusalem into the circle of violence.Mickey Levy
Keep in mind that monetary policy works with a lag, so that this shouldn't have any impact on the consumer, ... My guess is a quarter point.
Mickey Levy
Businesses quite simply haven't been able to pass on the higher unit labor costs to consumers, and have the prices stick without losing market share.
Mickey Levy
Consumer spending is growing only modestly. So, it appears the easing of interest rates has helped the consumer only somewhat ... not a lot.
Mickey Levy
We're going to see that number borrowing from construction employment increases in the coming months, but even if you take out the huge increase in construction, you still have healthy gains throughout all the labor markets,
Mickey Levy
We've seen a clear pickup in consumer spending and housing and now the manufacturing sector. I'd say with a couple more months, businesses will start to gain confidence.
Mickey Levy
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