I think the way out of these deficits is that the U.S. currency will start to come down over the next two to three years.
More Quotes from Nariman Behravesh:
Both growth and inflation in the coming months could be stronger than financial markets are currently expecting. There is a growing risk that the Fed will have to tighten further and longer than many analysts anticipate.Nariman Behravesh
This is bad news, but it's old news, I fully expect the economy to bounce back strongly in the first quarter.
Nariman Behravesh
From lawn services to meat packing, you name it. The primary benefit to consumers from illegal workers is lower prices.
Nariman Behravesh
Bush has probably made the best choice among the top contenders for the post and one that is likely to reassure financial markets.
Nariman Behravesh
Perhaps the single best piece of economic news in 2005 was that record-high energy prices did not spill over into the rest of the economy. While the Fed can be relaxed about inflationary risks in the U.S. economy, its role is to preempt.
Nariman Behravesh
Rather than the doom and gloom we've been hearing, the consumer hasn't packed it in, and Christmas sales will be reasonably good.
Nariman Behravesh
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Distance does not decide who is your brother and who is not. The church is going to have to become the conscience of the free market if it's to have any meaning in this world - and stop being its apologist.
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