The Christmas season this year might well bring cheer, but consumption growth next year is bound to slow, ... From an annual pace of nearly 4.0 percent in 2004, consumer spending will likely grow at a 3.5 percent rate this year, decelerating to a 2.25 percent pace in 2006.
More Quotes from Sherry Cooper:
As time passes, excess capacity is being worked off and inventories are being accumulated once again ... and companies don't buy enhancements in technology or machinery until after they've seen a pickup in activity,Sherry Cooper
The repercussions on global trade would be devastating, ... Given that virtually all major economies have a surplus with the (United States), trade disruptions would shutter manufacturing plants and curtail global demand for most commodities.
Sherry Cooper
U.S. consumers are feeling the benefits of higher incomes and are spending more to reflect their good moods, ... Buoyed by record confidence, income growth, and a super-tight jobs market, the consumer is showing no signs of slowing and should continue to propel the U.S. economy.
Sherry Cooper
A major outbreak would lead governments everywhere to shut down their borders, or, in effect, ground airplanes, because people would not want to travel, and that would be the end of the major trade in goods and services, at least for some period of time, ... And, given our global supply chains, there would develop shortages in many, many goods, many products, across the world very quickly.
Sherry Cooper
On balance, headline inflation has likely peaked, but the core rate is at the top end of the Fed's comfort zone, which will keep chairman Allan Greenspan's foot firmly on the brakes,
Sherry Cooper
The economy is in very good shape and people don't realize it. We really do have low inflation and low unemployment, and the economy has been growing at a rate of 3 percent or better since the last recession.
Sherry Cooper
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