Higher house prices mean more equity for homeowners and more cash in the hands of consumers. Robust housing sales indicate that the real estate boom will continue to drive the economic recovery.
More Quotes from Peter Morici:
There's a myth out there that Americans can't get along without American-made cars.Peter Morici
Often, solutions we would never embrace as a long-term policy, like flooding banks with liquidity, are essential tactics for surviving a crisis.
Peter Morici
Businesses might ask for more (for consumer goods) but they won't necessarily get it, and then we'll see big discounts for Christmas, ... This squeeze will slow economic activity. The Fed needs to be very cautious how hard they take the economy downhill because it is already headed in that direction.
Peter Morici
I think what people pay attention to is their take-home pay, ... It's a weak labor market that is causing slow wage growth, making them feel bad about the economy.
Peter Morici
Overall inflation is under control and should moderate as we move through the summer.
Peter Morici
The plan lacks a clear statement of how Ford is going to get its labor and design costs in line with its Japanese competitors. Lacking that, Ford will not be able to offer vehicles that are competitive in price, quality and content.
Peter Morici
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Based on Topics: Economics QuotesOur lives begin to end the day we become silent about things that matter.
Martin Luther King, Jr.
It's a really bad idea to be in a band and get involved with each other.
Ann Wilson
Man is primarily governed by passion and instinct.
Muhammed Iqbal