The retail sector is enjoying a decent but unexceptional holiday shopping season.
More Quotes from Peter Morici:
These inflation data, along with slowdowns in retail sales and jobs creation, indicate the economy is cooling, except for the red-hot housing sector and recession-proof activities like health care and education, ... But don't look for the Fed to halt interest rate increases anytime soon. The recovery has plenty of life left.Peter Morici
It's lowering growth by one to one-and-a-half percentage points. If we cut the deficit in half, we'd pick up 5 million jobs in three years and the unemployment rate would fall to 4 percent.
Peter Morici
This is going to be the year we're going to see the Koreans surge forward. Hyundai is ready to make an assault on Chevy and Pontiac because they have more attractive offerings with a better warranty.
Peter Morici
It's not just the number of jobs, it's the quality of jobs.
Peter Morici
This pace of productivity growth indicates that the U.S. economy has the potential to accomplish 4 percent growth or better without danger of significant inflation.
Peter Morici
The pension relationship with Delphi is complex. If trouble is beneath the surface, it could be a severe body blow. Along with GM's other troubles, a perfect storm could emerge.
Peter Morici
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