Production and employment always follow demand, and we've seen a pickup in demand. I think this will translate into a better labor market in May or June. I know the employment reports have been disappointing lately, but be patient.
More Quotes from 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
I'd say this doesn't provide any evidence for an interest rate move one way or the other.
Mickey Levy
The way to look at it is that demand is very strong and there is a slight moderation in the rate of growth.
Mickey Levy
The reason we've shifted to deficit spending is largely due to a shift from very robust economic growth and a booming stock market into a recession. The bottom line is, I'm not particularly concerned.
Mickey Levy
We should start to see some slowing of exports to Asia and some acceleration of imports. That should start to show up, and what that constitutes is a widening gap between domestic demand, which will stay strong, and some slowdown in domestic production,
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
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