Dana Johnson
Dana Johnson
Dana Johnsonis an American writer and Associate Professor at the University of Southern California. Honors include the Flannery O'Connor Award for Short Fiction, and being named a nominee for the Hurston/Wright Legacy Award. Her writing has appeared in Callaloo, The Iowa Review, and elsewhere...
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I don't think one 50 basis point move (by the Fed) is likely to be enough. It's going to be very hard for the stock market to move ahead. Profit margins are not going to be expanding. There's going to be nothing to offset the higher interest rates.
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What we're spending our time debating is whether the Fed goes a quarter point or a half point.
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A reasonable estimate is that an infant loses 1-2 IQ points per month and sustains predictable losses in growth as well as motor and language development between 4 and 24 months of age while living in an institutional environment.
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The easy part of the tightening cycle is behind us now and so you're at the point where more judgement is required.
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There's no question the Michigan economy and Detroit metro economy have been lagging because of continued exposure to the auto sector.
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I was really encouraged to see the rebound in activity in June and July. The local economy looks much healthier this summer than it did this past spring. However, a clear up-trend is not yet in place and probably will be slow to develop given the punishing level of energy prices and the prospect of more consolidation in the auto industry.
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I think Michigan would like nothing more than to see GM emerge as a leaner and more profitable company,
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It is exciting just to be able to say you actually saw an Olympic medal up close, even touch it.
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The affordability of light vehicles has been quite stable over the past ten quarters. Family incomes have been rising faster than vehicle prices, but higher interest rates have increased the cost of financing a new car.
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With many investors drifting away early for the Thanksgiving holiday and with the fixed income markets scheduled to close early on Wednesday, the clear potential is for some erratic price action in illiquid markets,
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From a cyclical perspective, I'm not prepared to worry about inflation. There's no clear pattern of acceleration.
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I expected our index to tick lower in March, as the effects from the Super Bowl and mild winter weather faded. Looking ahead, our index probably will settle into a lower range, as the local economy struggles to overcome restructuring in the auto sector, higher interest rates, and elevated gasoline prices.
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I wouldn't guess it will look real great.
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I guess I'm not surprised the unions are unhappy with the adjustments they are being asked to make, and I am not surprised they banded together to try to get a better deal,